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Eurozone Dec. CPI down to 0.8%

English.news.cn   2014-01-07 20:30:19            

BRUSSELS, Jan. 7 (Xinhua) -- The consumer price index (CPI), the main gauge of inflation, in the eurozone is expected to decline to 0.8 percent in December 2013 from 0.9 percent in the previous month, European Union (EU) statistics office Eurostat said Tuesday.

The single currency area's inflation recorded a four-year-low of 0.7 percent in October, which was the first fall below 1 percent since February 2010 and prompted the European Central Bank to cut its key interest rate to a new record low of 0.25 percent in November.

The prices of food, alcohol and tobacco products were the key inflationary factor in December, which increased 1.8 percent year on year compared with 1.6 percent in November.

In the same month, prices of services rose 1.0 percent on a annual basis, lower than the 1.4 percent in November.

Prices of non-energy industrial goods rose 0.2 percent, stable compared with November, while prices of energy industrial goods showed no change, compared with 1.1 percent drop last month.

Editor: Yang Yi
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