Euro zone inflation rose to 2.4% in December, meeting expectations

Euro zone annual inflation increased to 2.4% in December, rising for the third consecutive month, in line with economists’ expectations. Core inflation remained steady at 2.7%, while services inflation edged up to 4%. The European Central Bank is closely monitoring the inflation data, with expectations for interest rate cuts in the coming year, while the euro strengthened against the U.S. dollar as traders speculate on potential parity between the two currencies.

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