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Euro-zone Jan. annual inflation rate holds at 2.7%

Euro-zone Jan. annual inflation rate holds at 2.7% (by William L. Watts)

FRANKFURT (MarketWatch) -- Annual inflation in the 17-nation euro zone held steady in January at a 2.7% pace, unchanged from December, the European Union statistics agency Eurostat reported Wednesday in a preliminary estimate. The figure was in line with expectations. The inflation rate remains above the ECB's target of near but just below 2%, but has fallen back from a peak of 3% in 2011.