Eurozone inflation down in January

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The eurozone annual inflation is expected to be -0.6% in January 2015, down from -0.2% in December 2014, according to a flash estimate from Eurostat, the statistical office of the European Union.

This negative rate for euro area annual inflation in January is driven by the fall in energy prices (-8.9%, compared with -6.3% in December).

Prices are also expected to fall for food, alcohol & tobacco (-0.1%, compared with 0.0% in December) and non-energy industrial goods (-0.1%, compared with 0.0% in December). Only prices for services are expected to increase (1.0%, compared with 1.2% in December).

 

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