- Annual inflation rate in the Euro Area fell to an eight-month low of 8.5% in January from 9.2% in December, below market forecasts of 9%, preliminary estimates showed.
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Core inflation remained unchanged at 5.2%, while markets expected drop to 5.1%.
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Unemployment rate 6.6% above market estimates of 6.5%..
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Inflation slowed in Italy, Ireland and the Netherlands, but edged higher in Spain and France.
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The data for Germany inflation is not available though, as the country's statistical office had to delay the release of its own figures due to technical issues with data processing.
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In January, energy prices rose at a slower pace (17.2% vs 25.5%) and services inflation also eased (4.2% vs 4.4%) while cost increased faster for food, alcohol & tobacco (14.1% vs 13.8%) and non-energy industrial goods (6.9% vs 6.4%). Compared to the previous month, consumer prices fell 0.4%, the same as in December, led by a 0.9% decline in energy cost.
Source: ec.europa
Core inflation remains at record levels. Source: Bloomberg
EURUSD saw limited reactions to today’s inflation figures. Source: xStation5
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