Another Worryingly Low Inflation Rate For The Euro Zone
Consumer prices in the Euro Zone crept lower last month, a situation that could continue to put pressure on the European Central Bank to take action. According to Eurostat, inflation in the 17 European Union member states that were using the Euro in 2013 rose in December at an annual rate of only 0.8 percent. The December figure, which did not include Latvia who adopted the euro on January 1, was slightly lower than the 0.9 percent annual inflation rate for November.
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