Euro zone inflation goes down in January, although core rate tacks on

Euro zone inflation goes down in January, although core rate tacks on

In January, euro zone inflation headed south, although core rate managed to grow.

Inflation stepped down in the euro zone in January, which is in line with market hopes, as follows from a first forecast from the EU's statistics agency. Nevertheless, core inflation demonstrated a jump.

Inflation in the European Union went down to 1.3% versus December’s outcome of 1.4%, which is in line with experts’ hopes. By the way, Eurostat's flash estimate for January doesn’t come with a month-on-month calculation.

The sag took place simply due to a slower soar of unprocessed energy and food prices.

The former rallied 1%in January versus a 1.9% leap in December. As for the latter, it gained 2.1% from December’s reading of 2.9%.

Calculated excluding these two most fluctuating components, or what the European Central Bank labels as core inflation it edged up to 1.2% from 1.1% in December versus hopes for a moderate dive to 1%.

 

Similar

Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera