Two Percent a Distant Dream as ECB Price Focus Questioned

  • Euro-area inflation rate probably rose to 0.4% in December
  • ECB likely to undershoot target for fourth year in 2016

Mario Draghi.

Photographer: Jasper Juinen/Bloomberg

With the European Central Bank set to miss its inflation target for a fourth year in 2016, officials are being drawn into an unwanted debate about their key gauge.

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