Inflation Jumps in Eurozone

According to Eurostat, the inflation in Eurozone hit a near 4 year high in January. To be specific, inflation in the euro area jumped to 1.8% last month from 1.1% the month before. One of the causes of the inflation is the jump in energy prices in January compared with the year before.

 

                                        Image source: http://advisoranalyst.com/glablog/2014/09/23/contrarian-view-eurozones-                                                        economy-is-turning-the-corner.html

Eurostat data also revealed that eurozone's GDP growth reached 0.5% in the fourth quarter of 2016, up from 0.4% in the previous quarter.

The same source showed that the euro area's unemployment rate fell to 9.6% in December, which is the lowest rate since May 2009.

Source
http://www.bbc.com/news/business-38807942