Tuesday, October 21, 2014   

Euro zone inflation remains low
(02-24 18:16)

Official figures show the inflation rate for the 18-nation euro zone remained steady at a low 0.8 percent in January.
The data by Eurostat, the EU's statistics office, show inflation remains well below the European Central Bank's target of just below 2 percent.
The rate, which measures consumer price increase over 12 months, was the same as in December.
Low inflation in recent months has raised concerns of deflation, a sustained drop in prices that can choke off growth.
Eurostat says the annualized inflation rate for the wider 28-nation European union _ which includes members like Britain that don't use the euro _ fell to 0.9 percent from 1 percent in December.—AP
   
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