Inflation in the 20-member eurozone slowed for a third straight month in January, helped by stabilizing energy prices.
The consumer price index fell to 8.5 percent from a year earlier. It declined from 9.2 percent in December.
Croatia is included in the data for the first time after it joined the single-currency bloc on January 1.
Energy prices rose by 17.2 percent. They had surged more than 40 percent at one point last year.
Broken down by country, inflation ranged from 21.6 percent in Latvia, to 5.8 percent in Spain and Luxembourg. Prices increased 12.5 percent in Croatia.
An unusually warm winter in Europe has helped lower natural gas prices, leading to expectations that inflation has peaked. But the overall rate is still far higher than the European Central Bank's target of two percent.
Financial markets are waiting to see the outcome of the ECB's next policy meeting on Thursday.
The consumer price index fell to 8.5 percent from a year earlier. It declined from 9.2 percent in December.
Croatia is included in the data for the first time after it joined the single-currency bloc on January 1.
Energy prices rose by 17.2 percent. They had surged more than 40 percent at one point last year.
Broken down by country, inflation ranged from 21.6 percent in Latvia, to 5.8 percent in Spain and Luxembourg. Prices increased 12.5 percent in Croatia.
An unusually warm winter in Europe has helped lower natural gas prices, leading to expectations that inflation has peaked. But the overall rate is still far higher than the European Central Bank's target of two percent.
Financial markets are waiting to see the outcome of the ECB's next policy meeting on Thursday.
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Summary
Inflation in the Eurozone decreased for the third consecutive month in January, with a drop from 9.2% in December to 8.5%. Energy prices increased by 17.2%, down from last year's surge of over 40%. Croatia's inflation rate was recorded at 12.5% after joining the single-currency bloc. Inflation
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ID: 09aab6e3-6d59-4fe5-8efb-b39d7fe34dff
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230202_18/
Date: Feb. 2, 2023
Created: 2023/02/02 11:49
Updated: 2025/12/09 07:58
Last Read: 2023/02/02 11:55