Inflation in the eurozone fell more than expected in December on the back of lower energy prices, ending a two-month period of double-digit rates as economic sentiment improved across the single currency bloc.
The flash index published by Eurostat on Friday showed consumer prices rose at an annual rate of 9.2 per cent in December, down from 10.1 per cent the previous month and a record annual rate of 10.6 per cent in October. Annual inflation rates ranged from 20.7 per cent in Latvia to 5.6 per cent in Spain. The drop in the average rate across the bloc exceeded expectations of a fall to 9.5 per cent in a Bloomberg poll of economists.
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