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JAN 16, 2014 - Yahoo! News

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Euro zone inflation slows in December on one-off effect in Germany

By Martin Santa BRUSSELS (Reuters) - Euro zone inflation slowed in December, the European Union's statistics office confirmed on Thursday, in what the European Central Bank attributed last week to a one-off change in the method of calculating price growth in Germany. Consumer prices in 17 countries sharing the euro last year rose 0.3 percent on the month, putting the annual inflation rate at 0.8 percent, down from 0.9 percent in November, but a tad above 0.7 percent in October. The ECB, which wants to keep inflation below, but close to 2 percent over the medium term, expects a prolonged ... Read More

Tags: Euro zone inflation slows in December on one-off effect in Germany,  European Central Bank Latest News