CoinWorld news, Germany's December harmonized CPI year-on-year initial value rose by 2.9%, higher than last month's 2.4% and the expected 2.6%. Energy and food costs drove prices to accelerate. After the data was released, Germany's two-year government bond yield rose by 4 basis points to 2.2%, with traders slightly reducing bets on a European Central Bank interest rate cut. Such data may reduce the likelihood of a larger rate cut by the European Central Bank. Core prices are a key issue, especially in the services sector. The Eurozone services inflation rate remains around 4%, while Germany's December services inflation rate rose from 4% to 4.1%.