Euro-Area January Consumer Prices Rise More Than First Estimated
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Euro-area consumer prices grew more than initially estimated in January, easing pressure on the European Central Bank to take action next month to counter low inflation and spur growth.
Consumer prices rose an annual 0.8 percent after a similar gain in December, the European Union’s statistics office in Luxembourg said today. That exceeds Eurostat’s initial Jan. 31 estimate of 0.7 percent. Still, it’s the fourth consecutive reading of less than 1 percent. The Frankfurt-based central bank aims to keep inflation at just under 2 percent.