Eurozone December final CPI +1.9% vs +1.9% y/y prelim

The Eurozone's final December CPI confirmed at 1.9% year-on-year, aligning with expectations. The core CPI also holds steady at 2.3%, a slight decrease from the previous 2.4%. This will be a significant indicator for the ECB as it considers future policy moves. Notably, inflation data from Germany continues to be a key factor, maintaining pressure on policymakers as they enter the new year. In sector-specific data, food price inflation has reached about 2.5%, while services inflation stands out at 3.4%, which significantly impacts ECB's decisions regarding interest rates. With energy prices slightly declining, there is a need to monitor future price movements closely. This data underscores the interconnectedness of policy actions in the Eurozone and the health of the economy, as market reactions will be a focal point in influencing future policy decisions.