Euro fall below the European Central Bank's Target in December

The European Union's statistics agency revealed on Tuesday that an initial reading illustrates rise in consumer prices by just 0.8% over the 12 months to December. The figure was reduced from 0.9% in November.
The rate of inflation was lesser in October, when it touched 0.7%. This prompted the ECB to slice its standard interest rate to a low of 0.25%. This was the last action that was taken to motivate the economy. The ECB aims an inflation rate of just below 2.0%.
After removing more-volatile food and energy prices, inflation was just 0.7%.
 Different statistics from Eurostat suggested consumer prices are suspected to increase sharply in upcoming months. As per the agency, the increase in prices of goods that were parting factory gates in November decreased for the second straight month. However, the figure was just 0.1%.
Prices at the factory gates do not turn directly into prices paid by consumers as retailers and other service providers must cover up their expenses to make profits.
The ECB's governing council meets that was held on Thursday expects slow growth of 1.1% in 2014 and 1.5% in 2015. As per the prediction, inflation will continue well under its 2% target for two more years.

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As per BA labor agency of Germany, unemployment claims in December were down 15,000 from November. It left the attuned jobless rate unaffected at 6.9%