Eurozone Jan Inflation Less Than Expected


28/02/2011 00:00 AST  RTT News

Eurozone inflation rose less than expected in January, final data from the Eurostat showed Monday.

Consumer price index, or CPI, rose 2.3% annually in January following the 2.2% increase in December. That was revised down from 2.4% reported in a flash estimate released on January 31.

On a monthly basis, consumer prices were down 0.7%, the official report showed. Economists had forecast 0.6% drop.

The core inflation was 1.1%, slightly up from a revised 1% in December, but lower than the 1.2% economists had expected.

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