European inflation remains steady

European inflation remained steady in January, suggesting companies struggled to pass on higher costs to consumers as growth weakened.

1st February, 2012

European inflation remained steady in January, suggesting companies struggled to pass on higher costs to consumers as growth weakened.

The inflation rate in the eurozone was 2.7 per cent, the same rate as in December, the European Union’s statistics office in Luxembourg said in an initial estimate today. The European Central Bank aims to keep inflation just below 2 per cent.

Europe’s economy is showing signs of contraction as austerity measures across the region undermine...

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