All
 

 

Just in:  

You are here: Home»Markets»FXMM»Europe»Euro zone inflation higher than expected in December

euro-BRUSSELS: Rising prices for food and services offset a drop in energy costs in the euro zone in December and kept inflation steady despite expectations of a fall, potentially signalling a slight pick-up in holiday spending over Christmas.

 

Annual inflation in the 17 countries sharing the euro was 2.2 percent in December, the same level as in November, the EU's statistics office Eurostat said on Friday, and above the 2.1 percent level forecast by economists in a Reuters poll.

 

Consumer food prices climbed 3.1 percent in the month, rising slightly from November, while the cost of services, which makes up 40 percent of Eurostat's index, also increased.

 

Energy prices rose 5.2 percent, compared to a 5.7 percent rise in November and marking a gradual fall since December 2011.

 

Falling world energy prices and Europeans' reluctance to spend as the euro zone struggles through recession have brought the bloc's consumer price levels down over the past year.

 

Many economists expect inflation to fall to below the European Central Bank's target of close to, but not above, 2 percent during 2013.

Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln