LONDON (AP) — Consumer prices in the 16 countries that used the euro at the end of 2010 rose by their largest amount for over two years during December, and inflation is now running above the European Central Bank's target, official figures showed Tuesday.
Eurostat, the EU's statistics office, said consumer price inflation jumped 2.2 percent in the year to December, its highest level since October 2008. The increase from November's 1.9 percent rate was markedly ahead of expectations — the consensus in the markets was for a far more modest increase to 2 percent.
A more detailed breakdown of the figures will be published later this month, but all indications are that higher …
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