Eurozone inflation nears target, unemployment steady | Bangkok Post: news

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Eurozone inflation nears target, unemployment steady

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The eurozone crowned a week of steadily improving economic data on Friday with inflation almost down to the European Central Bank's (ECB) medium-term target, falling to 2.0 percent in January after overshooting for more than two years, EU data showed. 

The European Union flag pictured flags of members of the European Union in Strasbourg, France on January 15, 2013. The eurozone crowned a week of steadily improving economic data on Friday with inflation almost down to the European Central Bank's (ECB) medium-term target, falling to 2.0 percent in January after overshooting for more than two years, EU data showed.

Marking good news for leaders of the 17-state currency area preparing for next week's European Union summit, the drop from 2.2 percent in December took the measure of annual price rises to the lowest level since 1.9 percent in November 2010.

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