Inflation in the Euro Zone declines to 2.8% in December

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Source: Marketwatch

The annual rate of inflation in the Euro Zone was 2.8% in December as compared to 3% in November, according Eurostat. The inflation rate basically was in compliance with expectations. However, the rate remains above the target of the ECB of 2%. After the release of data, the Euro depreciated against the USD and the pair EUR/USD was trading at 1.3043, down 0.05%.

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Thu, 05 Jan 2012 07:06:10 GMT

Hungarian currency hit all-times low

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