eurozone market inflation

 

All across the Eurozone, a culmination of the countries who have embraced the Euro as their national currency, inflation has risen to its highest rate in three years.

This rate was last seen in September 2013. Experts believe this recent rise is due to prices rising for energy, food, alcohol and tobacco.

Last month, Inflation rose to 1.1% year-on-year, a rise of 0.5% from November’s 0.6%.

This suggests that inflation is gradually edging closer to the European Central Bank’s target of just below 2%