HomeEconomyEurozone: inflation in January slightly revised to 8.6%

Eurozone: inflation in January slightly revised to 8.6%

Inflation in the euro zone rose 8.6% year-on-year in January, according to final figures published by Eurostat on Thursday. A first estimate was for an increase of 8.5%.

Euro zone inflation was slightly higher in January than initially estimated and core price pressures are yet to show signs of easing, final figures released by Eurostat on Thursday showed.

The consumer price index calculated according to European standards shows an increase of 8.6% per year, as expected on average by economists polled by Reuters, against +8.5% in the first estimate, when official figures from Germany did not they were included due to technical problems. affairs.

The rise in prices was 9.2% annually in December. In one month, prices fell 0.2%, compared to -0.4% initially estimated at the beginning of the month. Eurostat specifies that the evolution of the prices of food, alcohol and tobacco contributed to the global increase of the index by 2.94 percentage points in one year, that of energy by 2.17 points and that of the prices of services by 1 .80 points.

7.1% inflation excluding energy and unprocessed food

Compared to January 2022, the rise in energy prices in the 20 countries that adopted the single currency slowed down to 18.9% while that of food, alcohol and tobacco accelerated to 14.1% and that of industrial goods without energy up to 6.7%.

Inflation in services stood at 4.4%, revised from 4.2%. The inflation rate excluding energy and unprocessed food, the rate most closely monitored by the European Central Bank (ECB), reached 7.1%, compared to 7.0% in the first estimate and after 6.9% in one month before.

An even narrower measure, which further excludes alcohol and tobacco, is 5.3%. The first estimate had given it 5.2%.

Author: MB with AFP
Source: BFM TV

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