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Risk of deflation looms over eurozone

08.01.14 @ 09:00

  1. By EUOBSERVER

Euro area annual inflation is expected to have dropped to 0.8% in December 2013, down from 0.9% in November, according to estimates published Tuesday by Eurostat, the EU's statistical office. The figures are raising concerns about deflation and putting pressure on the European Central Bank to take action.