Inflation all across the eurozone that comprises 19 countries has gone on to spike to a high of six months in the month of December. This was even before the escalations began in the tensions between United States and Iran.
Eurostat which is an agency for statistics has showed that there is an increase in the prices across the board in the month of December which is helping the inflation rate every year rising to a level of 1.3% from what it was in the previous month at 1 %. The inflation though had been at a level which was highest since the month of June when it had been 1.3% as well. It has remained a lot below the goal of the central bank of Europe which was just a little less than 2%.
The core of the inflation rate which has stripped out the items which are volatile like energy and tobacco has been holding steady at the level of 1.3%. The core rate is more than where it has been for a long period and this is good news for the governing council of ECB.
The inflation all across the eurozone has been staying for many years stubbornly below the goal which has prompted the ECB to now persevere with the measures of stimulus a lot more than what their peers are going to do like the Federal Reserve does in the United States.
As the growth now seeing a stoppage in and around the world, there are concerns that any uptick which is underlying in the inflation might be stalling. That is a case particularly with the factors like trade war and middle east escalation prevalent.