Headline inflation in the Eurozone eased slightly in January, but core figures showed less changes than the market had anticipated.
Data from the European Union’s statistics agency showed on Thursday that the annual consumer price index for January rose 2.8%, which is in line with expectations from a Reuters poll, following a 2.9% increase in December and 2.4% in November. It was largely due to the wind-down of energy price support measures.
Meanwhile, core inflation dropped to 3.3%, following a 3.4% rise in December. However, it fell short of expectations of 3.2% from a Reuters poll.
Yesterday, Germany reported its preliminary data for headline inflation at 2.9% in January, driven by falling energy prices as well as a slowdown in cost of food.
