Inflation in the countries that use the euro rose to 2.9 percent in December, but the underlying rate continued a downward trend.
Tag: Eurozone
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Eurozone Economy Shrinks, While Price Pressures Ease
Economic growth contracted 0.1 percent last quarter, and inflation in October fell to a two-year low, a sign that high interest rates were taking a toll.
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European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.