Inflation in the eurozone dropped to 1.4 percent in January, from 1.6 percent in December. This was reported by the European statistical office Eurostat on the basis of a preliminary estimate.
Economists had already expected inflation to drop to 1.4 percent on average. Core inflation, excluding the impact of strongly fluctuating prices for energy and life and stimulants, came to 1.1 percent in January. That was one month earlier, 1 percent.
Energy prices are expected to rise the fastest in January. They fell in the previous months. Industrial goods hardly became more expensive last month.
About the author: Matthew Johnson
Matthew Johnson, a small tech business owner retired and found his passion in journalism.