RTTN:Euro Area January Inflation Revised Up To 0.8%
Consumer prices in the Eurozone increased at a faster pace in January than estimated earlier, but the rate of inflation remained unchanged from the December level, revised figures released by Eurostat showed Monday.
The harmonized index of consumer prices (HICP) rose 0.8 percent year-on-year in January, which was unchanged from the December growth rate. The preliminary estimates were for a 0.7 percent growth in January.
At the same time, core inflation, which excludes energy, food, alcohol and tobacco, rose to 0.8 percent from 0.7 percent in December, in line with the initial estimates.
Inflation has stayed below the European Central Bank's target of 'below, but close to 2 percent' for the twelfth consecutive month.
In January, food, alcohol and tobacco prices rose 1.7 percent, while energy prices declined 1.2 percent. Cost of non-energy industrial goods gained 0.2 percent and that of services advanced 1.2 percent.
On a monthly basis, consumer prices recorded a 1.1 percent decline in January, the agency said.
