1 month ago
Economic Indicators

Euro Zone Annual Inflation 1.4% in January

Investing.com - Euro zone consumer prices rose in January, according to a flash estimate released on Friday. The bloc’s statistics agency

Investing.com - Euro zone consumer prices rose in January, according to a flash estimate released on Friday.

The bloc’s statistics agency Eurostat said its consumer price index rose 1.4% in January from the same month a year earlier, compared to 1.6% in the prior month.

Economists had expected annual inflation to increase by 1.4%.

Core inflation, which excludes energy, food, alcohol and tobacco prices, rose to an annual rate of 1.1% from 1.0% in the previous month.

The European Central Bank targets a headline inflation rate of close to, but just below 2%.