Eurostat released its consumer price inflation data for the Eurozone on Tuesday. The preliminary consumer price inflation in the Eurozone remained unchanged at an annual rate of 0.2% in December, missing expectations for a rise to 0.4%.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco remained unchanged at an annual rate of 0.9% in December, in line with expectations.

Food, alcohol and tobacco prices were up 1.2% in December, non-energy industrial goods prices gained 0.5%, and services prices climbed 1.1%, while energy prices dropped 5.9%.