Euro area annual inflation (.pdf) fell to 1.6% in December from November's 2.1% and 3.1% a year...

|By:, SA News Editor
Euro area annual inflation (.pdf) fell to 1.6% in December from November's 2.1% and 3.1% a year ago, planting itself firmly below the ECB's 2% target. "We suspect inflation developments in the euro zone will continue to surprise to the downside on both private and public forecasts," BNP Paribas economist Luigi Speranza says.