Eurozone inflation accelerated for the second straight month in January, flash data from Eurostat showed Friday.
Harmonized consumer prices rose 0.4 percent year-on-year, faster than the 0.2 percent increase seen in December. This was the fourth consecutive increase in consumer prices and matched economists’ expectations.
Nonetheless, headline inflation has been below the European Central Bank’s target of ‘below, but close to 2 percent’ since early 2013.
Core inflation, excluding energy, food, alcohol and tobacco, increased slightly to 1 percent in January from 0.9 percent in December. Economists had forecast prices to rise again by 0.9 percent.
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