Inflation slows in euro zone

Euro zone inflation unexpectedly slowed in January as the economy cooled and governments cut spending across the 17-nation currency region.

29th February, 2012

Euro zone inflation unexpectedly slowed in January as the economy cooled and governments cut spending across the 17-nation currency region.

The inflation rate in the euro area dropped to 2.6 per cent from 2.7 per cent in the previous month, the European Union’s statistics office in Luxembourg said today. It had initially estimated January’s inflation rate at 2.7 per cent. Before today’s revision, economists forecast February inflation, due tomorrow, to slow to 2.6 per cent,...

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