Eurozone January preliminary CPI +2.5% vs +2.4% y/y expected

• Prior +2.4%
• Core CPI +2.7% vs +2.6% y/y expected
• Prior +2.7%

The headline reading accelerated slightly in part due to energy prices. But the core reading remains unchanged to December, so there’s not much to take away from the latest report. The disinflation process looks to have flatlined a little but at least it’s not being derailed, at least for now.

This article was written by Justin Low at www.forexlive.com.