According to the latest released Eurostat figures earlier today, Euro area inflation has gone down to 1.9% in December last year, keeping up with its downward trend and the ECB’s targets. Inflation ion Malta also came lower striking a downward reading despite a year of persistent inflationary price rises mainly due to food prices.
The EU inflation rate came at 2.3%.
The Euro reacted positively to the news and increased in value by up to 0.69% against the US Dollar in today’s trading session.
Inflation in the EU was recorded highest in Romania at 8.6%, followed by Slovakia at 4.1% and Estonia at 4%. Cyprus France and Italy had the lowest inflation rates with 0.1%, 0.7% and 1.2% respectively.
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