EUROZONE CORE INFLATION DROPS 1.6% IN JANUARY

Euro area annual inflation was 2.3% in January 2011, up from 2.2% in December 2010. A year earlier the rate was 0.9%. Monthly inflation was -0.7% in January 2011. EU annual inflation was 2.7% in January 2011, unchanged compared to December 2010. A year earlier the rate was 1.7%. Monthly inflation was -0.4% in January 2011. 

The main components with the highest annual rates in January 2011 were transport (5.1%), housing (4.5%) and alcohol & tobacco (3.7%), while the lowest annual rates  were observed for clothing (-0.6%), communications (-0.2%) and recreation & culture (0.1%). 

MoM, total CPI declined 0.7% while core inflation declined a significant 1.6% MoM in January.

image

Full Eurostat release

 

Leave a Reply

Your email address will not be published. Required fields are marked *