Eurozone: Inflation jumps in January
January 31, 2017
Inflation rose to the highest level since February 2013 in January, according to a flash estimate released by Eurostat on 31 January. Harmonized inflation was 1.8% in January, above December’s 1.1%. The result slightly overshot market expectations and brought inflation close to the ECB’s 2.0% target.
According to Eurostat, the main contributor to January’s rise was higher prices for energy. Core inflation remained stable at 0.9%. Month-on-month price variations and a more detailed set of data will be provided on 22 February.