MW:Euro-zone December annual inflation falls to 2.7%
By Barbara Kollmeyer
MADRID (MarketWatch) -- Annual inflation in the euro zone fell to 2.7% in December, from 3% in November, according to data from Eurostat released Tuesday. A year earlier, the rate was 2.2%. On a monthly basis, December inflation in the euro zone rose 0.3% against the prior month. Annual inflation in the European Union was 3% in December compared to 3.4% in November. A year earlier, that rate was 2.7%. Compared with November 2011, annual inflation fell in 21 member states, was stable in two and rose in two. For the euro area, the highest annual inflation rates in December were found in housing, transport and alcohol and tobacco.
