Eurozone inflation over 3%
Annual inflation in the eurozone remained at 3.1% in December last year, the figure was the highest in more than six years.
Inflation in the eurozone had been rising in previous months, due to a hike in oil and food prices. Inflation was 2.6% in October and 2.1% in September. It last hit 3.1% in May 2001, months before the euro came into circulation. The Frankfurt-based European Central Bank aims to keep eurozone annual inflation under two% in order to maintain price stability. Despite higher inflation, analysts said the ECB was unlikely to raise its benchmark interest rate in the foreseeable future.
Related news
Related news
Retail traffic and residential consumption may slowly recover
The development of retail sales and the recovery of household…
Read more >We are over 2 million returned bottles, but there are still problems
Since the beginning of the year, metal, plastic and glass…
Read more >NAK-FruitVeB: sweet corn producers expect a good season
Producers are expecting a good season this year, with plenty…
Read more >