Inflation in the eurozone rose further above the European Central Bank’s target in the final month of 2024, although that is unlikely to dissuade policymakers from lowering borrowing costs again this month to support a faltering economy.

Data shows that inflation in the eurozone rose to its highest level in five months for December. The figures appear to confirm suspicion hopes that price rises have not been tamped down.

Inflation in the Eurozone shot up to 2.4% in December, the third consecutive monthly rise, according to data from Eurostat. This is a steady climb from