Economic Buzz: Eurozone Inflation Rises To Record High In January

23 Feb 2022 , 04:22 PM

Eurozone inflation rose to a record 5.1 percent in January from 5.0 percent in December, final data from Eurostat showed on Wednesday. Meanwhile, core inflation that excludes energy, food, alcohol and tobacco, slowed to 2.3 percent, as initially estimated, from 2.6 percent. On a monthly basis, overall consumer prices gained 0.3 percent in January, while core consumer prices dropped 0.9 percent. Among components, energy prices showed the biggest annual increase of 28.8 percent. Food, alcohol and tobacco prices grew 3.5 percent and services cost gained 2.3 percent. Prices of non-energy industrial goods climbed 2.1 percent.

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