Eurozone – Page 5

Eurozone Inflation Eases on Lower Energy Prices

The rate of price increases in countries using the euro slowed to 9.2 percent in December, down from 10.1 percent a month earlier.

But the bank warned that interest rates would “still have to rise significantly” to tame inflation.

Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first decline in 18 months.

The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.

Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”