FX.co ★ Eurozone inflation slowed to a minimum in 11 months to January

According to the statistical report of the EU Eurostat, the growth rate of consumer prices in the eurozone slowed down in January to a minimum in the previous 11 months. Inflation rose by only 1.4% year-over-year in January, while in December last year, the corresponding figure rose by 1.6%. The index of low index growth coincided with market expectations. As you know, the target inflation rate of the European Central Bank (ECB) is the "lower, but close to 2%" area.

The core inflation in January (excluding energy , alcohol and tobacco prices) accelerated to 1.1% after rising 1% in December 2018. Experts predicted that this indicator would remain unchanged.

The largest increase in January was demonstrated by energy prices (2.6%); Consequently, food, alcohol and tobacco increased in price by 1.8%. The cost of services increased by 1.6%, manufactured goods went up by 0.3%.