Eurozone Preliminary CPI rises by 5.0% Y-o-Y in December

The annualized Eurozone Consumer Price Index (CPI) rises by 5.0% in December, surprising markets to the upside while a tad higher from the previous jump of 4.9%, the latest data published by Eurostat showed on Tuesday. The consensus forecast was for a drop to 4.7%.

The core figures arrived at 2.6% YoY in December when compared to 2.5% expectations and 2.6% registered in November.