Consumer prices in the eurozone grew at a slightly faster pace than initially estimated in January, but annual inflation continued its downward trend at the beginning of the year. The consumer price index, which measures what consumers pay for goods and services, rose 8.6% in January compared with the same month a year earlier, up from the 8.5% increase previously estimated, data from the European Union’s statistics agency Eurostat showed Thursday.
This marks a slowdown from the 9.2% rise recorded in December, confirming the third consecutive decline in inflation in as many months. The core inflation rate–which strips out the more volatile categories of food and energy–was 5.3% in January on year, up from its preliminary estimate of 5.2% and accelerating from December’s 5.2% on-year increase. Write to Xavier Fontdegloria at email@example.com