Eurozone consumer prices rise from 1.3% to 1.4% in January – shaky number?

A preliminary estimate of consumer prices for the Eurozone for the month of January has just been published. Consumer prices rose by 1.4% year on year after +1.3% in December and +1.0% in November. Energy prices for consumers (mainly oil?) increased by 1.8% year on year in January after +0.2% and -3.2% in December and November. Let’s bet… the oil price on the futures market continued to rise sharply until January 8th, only to plummet dramatically from then on. Are we therefore experiencing a decline in the rate of increase for consumer prices at the end of February? Thanks to the fall in oil prices over the last three weeks? Food prices at +2.2% are the strongest drivers in January to push up the average.

Verbraucherpreise Eurozone im Januar
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