Europe’s Inflation Slows Again but Cost of Living Still High
LONDON—Europe ended a bad year for inflation with some relief as price gains eased again. While the cost of living is still painfully high, the slowdown is a sign that the worst might be over for weary consumers.
The consumer price index for the 19 countries that used the euro currency rose 9.2 percent in December from a year earlier, the slowest pace since August, the European Union statistics agency Eurostat said Friday. Croatia joined the eurozone on Jan. 1.
It was the second straight decline in inflation since June 2021. In November, the rate dipped to 10.1 percent after peaking at a record 10.6 percent in the previous month….