Eurostat, the European Union’s statistical office, released its preliminary estimate for December, showing that annual inflation in the Eurozone rose to 2.0% in December, up from 2.1% in November, matching market expectations.

The services sector contributed the most to inflation in September, rising to 3.4% from 3.5% in November. The food, alcoholic beverages, and tobacco sector index also rose to 2.6% from 2.4%. The non-energy industrial goods index slowed to 0.4%, while the energy index fell to -1.9% from -0.5% in November.

The core index, which excludes food and energy prices, slowed to 2.3% from November’s 2.4%, falling short of market expectations.