Euro area inflation was higher than expected in January
In January, the annual consumer price index turned higher than expected and rose to its highest level in a year in the euro area from deflation in the previous five months, according to a report by the European Union’s statistical office, Eurostat.
With consumer prices at 0.2 percent higher than in December, euro area inflation increased by 0.9 percent year-on-year in January, from a 0.3 percent decline in December, according to Eurostat’s flash estimate. (MTI)
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