Inflation in the Euro Zone Rises to 2.9% in December
Inflation in the euro zone jumped to 2.9% in December, up from 2.4% the previous month.
The headline annual print was a little lower than the 3% forecast in a Reuters poll of economists.
Food, alcohol and tobacco had the biggest upward pull on prices, while the drag from lower energy prices was reduced.
This is a breaking news story and will be updated shortly.