0.2 percent euro area inflation in December

Consumer prices in the Eurozone are expected to edge up 0.2 percent year-on-year in December of 2015, the same as in the previous month but below market expectations, preliminary estimates showed.

Core inflation which excludes prices of energy, food, alcohol and tobacco is expected to remain at 0.9 percent and excluding energy, the inflation rate slowed for the second month to 0.9 percent from 1 percent. Inflation Rate in the Euro Area averaged 2.07 percent from 1991 until 2015, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009. Inflation Rate in the Euro Area is reported by the Eurostat. (MTI)