2017.01.0405:18:00UTC+00Eurozone Inflation Accelerates In December

Eurozone inflation rose at the fastest pace in more than three years in December, flash data from Eurostat showed Wednesday.

Inflation increased more-than-expected to 1.1 percent in December from 0.6 percent in November. A similar higher rate was last seen in September 2013. Inflation was expected to rise to 1 percent.

Nonetheless, headline inflation has been below the European Central Bank's target of 'below, but close to 2 percent' since early 2013.

Core inflation that excludes energy, food, alcohol and tobacco, rose slightly to 0.9 percent from 0.8 percent. Final data is due on January 18.