Eurozone Inflation Slowed to 1.4% in December

Forex News

Inflation in the Eurozone slowed, as expected, in December, confirming the decision of the European Central Bank to maintain its policy, despite the growing pressure from Germany and other countries in the euro area with a more developed economy.

Preliminary Eurostat data showed that inflation fell to 1.4% in December from 1.5% in November. Without taking into account energy, food, alcohol and tobacco, the core inflation was stably kept at the level of 0.9% in December.

After the publication of data on the Eurozone CPI, the euro is trading just below the four-month high of $1.2089, reached yesterday. The ECB should hold a regular meeting on policy issues on January 25.