Euro Zone December Inflation in Line with Expectations

Investing.com  |  Author 

Published Jan 17, 2018 05:05AM ET

Euro zone inflation fell in line with expectations in December.

Investing.com - Euro zone inflation eased in line with expectations in December, according to a revision released by Eurostat on Friday

The European Union's statistics office said the consumer price index rose at an annual rate of 1.4% in December, from 1.5% in November.

The rates were in line with expectations but below the ECB target inflation rate of 2%, supporting the central bank’s approach to gradually increasing interest rates.

Meanwhile inflation rose by 0.4% month-over-month in December, compared to a previous reading of 0.1%.

Core inflation, which excludes energy and food prices and is closely watched by the ECB, rose by an annualized 0.9%, the same as last month.

After the report, EUR/USD was trading at 1.2243 compared to 1.2236 prior.

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