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Inflation headache for ECB with second monthly growth drop

Inflation in the eurozone dipped for the second month running in December, disappointing the European Central Bank whose stimulus measures have so

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Inflation headache for ECB with second monthly growth drop

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Inflation in the eurozone dipped for the second month running in December, disappointing the European Central Bank whose stimulus measures have so failed to meet their growth objectives.

Core inflation, which excludes volatile energy and food prices, eased to 0.8 percent from 0.9 percent in November and 1 percent in October.

Headline inflation, targeted by the ECB, held steady at 0.2 percent, missing expectations for a rise to 0.3 percent.

Inflation has undershot the ECB’s two percent target for nearly three years and the latest figures support arguments that it will take several years to get there.