Europe’s Inflation Rebounds After Months of Decline, Raising Fears of Delay in Interest Rate Cuts
Prices rise 2.9 percent in December over the prior year, up from 2.4 percent in November yet well below the recent peak of 10.6 percent in October 2022.
FRANKFURT, Germany — Inflation plaguing Europe rose to 2.9 percent in December, rebounding after seven straight monthly declines as food prices rose and support for high energy bills ended in some countries. The rise in price levels fueled debate over how soon interest rate cuts could be expected from the European Central Bank.
The figure released Friday was up from the 2.4 percent annual inflation recorded in November — but is well down from the peak of 10.6 percent in October 2022.
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