Economic Buzz: Eurozone Inflation Accelerates In December

Eurozone inflation rose to 1.3 percent in December, as initially estimated, from 1 percent in November, final data from Eurostat reported Friday. A similar higher rate was last seen in June. Headline inflation remained well below the European Central Banks target of below, but close to 2 percent. Core inflation that excludes energy, food, alcohol and tobacco, held steady at 1.3 percent in December. Month-on-month, overall consumer prices gained 0.3 percent and core consumer prices moved up 0.4 percent in December.