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Eurozone inflation slips back again in December

Published on Jan 7, 2014 6:12 PM
 

BRUSSELS (AFP) - Eurozone inflation slipped to 0.8 per cent in December from 0.9 per cent in November, official figures showed on Tuesday.

In December 2012, inflation in the 17-member eurozone ran at 2.2 per cent but it fell steadily, hitting a four-year low of 0.7 per cent in October against a background of concern that deflation was on the prowl.

The Eurostat statistics agency said the largest gains in December prices were seen in food, alcoholic drinks and tobacco which rose 1.8 per cent after an increase of 1.6 per cent in November.

Energy prices were flat after falling 1.1 per cent in November while services were up 1.0 per cent compared with 1.4 per cent.

 
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