Change Edition

Eurozone inflation eases to 2.8 %
Economics

Eurozone inflation eases to 2.8 %

14.03.2012 From our online archive
Official figures show that inflation in the 17 countries that use the euro fell to 2.8 percent in the year to December from 3 percent the previous month.

Official figures show that inflation in the 17 countries that use the euro fell to 2.8 percent in the year to December from 3 percent the previous month.

The decline reported by Eurostat, the EU's statistics office, on Wednesday was in line with market expectations.

Falling inflation has been predicted by the European Central Bank, which has cut its main interest rate on two occasions over the past couple of months to 1 percent.

Inflation in the eurozone, which is grappling with a severe debt crisis, is still above the European Central Bank's target. The bank is tasked with keeping price rises at just below 2 percent.