Eurozone Consumer prices weak with +1.3% in January, but food prices up by 2.5%

The final data for euro-zone consumer prices for January have been published today. The growth rate is 1.3% (1.4% in the previous month and 1.3% today).

The official core rate (excluding energy and food) is 1.0% (expectation 1.0%, previous month 0.9%).

The lowest annual rates were observed in Cyprus (-1.5%), Greece (0.2%) and Ireland (0.3%). The highest annual rates were observed in Lithuania and Estonia (both 3.6%) and Romania (3.4%). Compared with December 2017, annual inflation fell in 21 Member States, remained stable in one and rose in six.

At +2.5% processed food prices are already well above average! The same applies to energy prices (+2.2%).

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