According to a flash estimate from Eurostat, Eurozone annual inflation is projected to rise to 2.4% in December 2024, up from 2.2% in November.
In the euro area, services are expected to lead annual inflation with a rate of 4.0%, up slightly from 3.9% in November. Food, alcohol, and tobacco are forecast to remain steady at 2.7%, unchanged from November. Non-energy industrial goods are projected to dip to 0.5%, down from 0.6% in the previous month. Energy inflation is anticipated to rebound to 0.1% after falling by -2.0% in November.
Source: Eurostat
Global markets traded cautiously ahead of key central bank meetings, with investors focused on the Federal Reserve and the Bank of Japan for fresh policy signals.
Detail
Ceasefire Pause Eases Oil and Inflation Fears (27 – 31 July)Global markets began the week on a more positive footing after a pause in US and Iranian military operations reduced immediate concerns over energy supplies and inflation. The United States quietly suspended its nearly two-week strike campaign against Iran late Friday, while Tehran halted retaliatory operations and entered discussions with Oman regarding the Strait of Hormuz. The developments pushed oil prices sharply lower, supporting precious metals and government bonds after weeks of pressure from rising energy costs.
Detail Fed in Focus Amid Easing Tensions (07.27.2026)Global markets began the week on a firmer footing as a pause in U.S.–Iran hostilities eased concerns over energy supplies and inflation.
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