By Francisco Alcuaz Jr. Jan. 6 (Bloomberg) -- Philippine inflation eased to the slowest pace in nine months in December as the cost of fuel, electricity and water declined.

Spain said Monday its inflation rate for 2008 was 1.5 percent, the lowest rate in a decade.

Jan. 6 (Bloomberg) -- The euro fell against the yen and traded near a three-week low versus the dollar before European Union data that may show inflation slowed in December, giving the European Central Bank more room to lower interest rates.

Jan. 6 (Bloomberg) -- The euro traded near a three-week low against the dollar before a European Union report forecast to show inflation slowed in December, giving the European Central Bank more room to lower interest rates.

Jan. 6 (Bloomberg) -- The euro traded near a three-week low against the dollar before a European Union report forecast to show inflation slowed in December, giving more room for the European Central Bank to lower interest rates.

(RTTNews) - Full-year inflation in the Philippines slowed to 8.0 percent in December, according to data released Tuesday by the government statistics office.

Inflation in Thailand, Indonesia and Taiwan fell more than expected in December as domestic consumption and oil prices eased, pointing to another round of interest rate cuts.

Spain said Monday its inflation rate for 2008 was 1.5 percent, the lowest rate in a decade. The National Statistics Institute said the year-on-year rate fell 0.9 percentage points in December, the fifth consecutive monthly drop.

MANILA, Philippines -- Annual inflation eased to a lower-than-expected 8.0 percent in December, slowing for the fourth month in a row on lower oil costs despite a seasonal price spike for Christmas, the statistics office said Tuesday.

Jan. 5 (Bloomberg) -- European Central Bank council member Vitor Constancio said policy makers are prepared to cut interest rates if necessary to keep inflation on target.