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Eurozone inflation slows in December

01-05-2012 08:19 BJT

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Inflation in the eurozone eased to 2.8 percent in December, from three percent in the previous month. Despite the decline, prices remain higher than the European Central Bank’s goal of below two percent. Above-target inflation has not prevented the ECB, under new President Mario Draghi, from cutting interest rates over the past couple of months.

The decline was in line with expectations, so market reaction was muted.

The European Central Bank has warned that risks to Europe’s economy have mushroomed over the past few months.

The debt crisis that has, so far, seen three relatively small countries bailed out, is threatening to spread to larger economies like Italy and Spain.

Analysts say, the eurozone is expected to fall back into recession this year, and inflation control will remain paramount.

 

Editor:Zhang Rui |Source: CNTV.CN

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