Euro Zone inflation, January 2025

The Inflation of the euro zone accelerated to a 2.5% hotter than expected in January annually, the flash data of the Eurostat Statistical Agency showed on Monday.

Economists surveyed by Reuters expected the impression of January inflation to reach 2.4%, without changes in December.

The so -called central inflation, which eliminates food prices, energy, alcohol and tobacco, reached 2.7% in January and has remained unchanged since September. Meanwhile, the impression of inflation of the observed services decreased to 3.9% in January from 4% in December.

However, energy costs increased, increasing 1.8% compared to the previous year. This increased abruptly from the 0.1% increase in December.

The main inflation in the euro zone reached a minimum of 1.7% in September, but since then it has been accelerated as the base effects of the lowest energy prices have faded. He European Central Bank Last week he said that disinflation “is fine on the way.”

“Inflation has continued to develop in line with staff projections and is ready to return to the medium -term objective of 2% of the Governing Council during this year,” added the bank. “Most underlying inflation measures suggest that inflation will settle around the target in a sustained way.”

The ECB on Thursday reduced interest rates in 25 basic points, which carries the key deposit rate at 2.75%. Greater reductions of ECB rates are expected throughout the year.

Monday’s data occurs after several key economies in the euro zone, including France and Germany, last week reported their latest consumer price index. The annual rate reached 1.8% in France and 2.8% in Germanyaccording to preliminary data from the country’s statistics agencies. The figures are harmonized throughout the euro zone for comparability.

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