Eurozone Inflation Hits ECB's 2% Target
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Headline inflation dropped back to the 2% target in December from 2.1% in November, with core inflation falling from 2.4 to 2.3%. The ECB has referred to the current situation as ‘the good place’ ad nauseam and is unlikely to change that mantra as current data continues to point to a benign inflation environment.
Eurozone inflation eased to 2% last month, capping a surprisingly benign year considering prices in the bloc, even as questions linger about the
German inflation slowed more than expected in December, dipping to 2.0% year on year, preliminary data from the federal statistics office showed on Tuesday.
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A top Australian central banker said on Thursday that a slowdown in consumer price inflation for November was "helpful", but largely as expected and inflation was still too high.