Institutions comment on the Eurozone January CPI data

CPI growth in the euro zone was slightly faster than initially estimated in January, but the annual inflation rate continued its downward trend at the beginning of the year. Eurostat data released on Thursday showed that CPI rose 8.6% year-on-year in January, higher than the previous estimate of 8.5%.

That marked a slowdown from the 9.2 percent rise recorded in December, confirming the third straight decline in inflation in as many months. Core inflation, which strips out the volatile food and energy categories, was 5.3 percent in January, above a preliminary estimate of 5.2 percent and above December’s 5.2 percent year-over-year increase.