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- Eurozone: CPI matches historic low - Unemployment Rate slightly declined
Eurozone: CPI matches historic low - Unemployment Rate slightly declined
Eurozone's Unemployment rate for December declined with a reading of 11.4%. Economists forecasted a reading of 11.5% in line with previous month's data.
The Eurozone's Harmonized Consumer Price Index for January extended its slide by -0.6%, matching the biggest decline in the history of the Eurozone, compared to a reading of -0.2% in the previous month. A reading below forecasts of -0.5%. The data shows the importance of the challenges the ECB is facing I order to avoid deflation and bring back the Eurozone to the targeted inflation rate of 2%.
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