Accelerating the rise of prices will lead tounpleasant consequences

According to Eurostat’s preliminary estimate, inflation in the eurozone accelerated to 2.4% in December. On the background of rising price credit money

began to become more expensive. In 2025 year the wallets of Estonia will be subjected to serious checking. Photo: Imago / manfred Segerer

At preliminary estimate Eurostat, inflation in the eurozone accelerated to 2.4% in December .

On the background of rising price credit money began to get more expensive.

The fastest inflation in December increased in Croatia, where it reached 4.5%, and Belgium, where prices increased by 4.4%. In Third place was Estonia, where prices accelerated from 3.8 % in November to 4.1 % in December. Inflation in the neighbors of Finland, Latvia and Lithuania, as usually, was significantly lower.

Since inflation in the eurozone in the last months was significantly exceeding the target level of the European Central Bank (ECB) at 2%, The price rally raises doubt about that the Board of Governors will reduce interest rates at its meeting at the end of January. Analysts believe that thecentralbankwillalwayshavetoreducebaseinterestrates,aswithoutthisitis impossibletoovercomeeconomicstagnationinEurope.

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