EU inflation nears ECB's 2% target in Jan.: Eurostat
AFPBRUSSELS--Eurozone inflation fell back toward the European Central Bank's medium-term target in January, easing to an annual 2 percent, EU data confirmed on Thursday.
March 1, 2013, 12:26 am TWN
The drop, from 2.2 percent in December, takes the measure of annual price rises to its lowest level since November 2010, when inflation stood at 1.9 percent in the 17-nation eurozone, the Eurostat statistics agency said.
In January 2012, the annual inflation rate was 2.7 percent, it said.
For the 27-member European Union, inflation came in at 2.1 percent in January, down from 2.3 percent in December, compared with the 2.9 percent rate a year earlier.