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- Breaking: Eurozone annual HICP inflation declines to 8.5% in January vs. 9% expected
Breaking: Eurozone annual HICP inflation declines to 8.5% in January vs. 9% expected
Inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), declined to 8.5% on a yearly basis in January from 9.2% in December, Eurostat announced on Wednesday. This reading came in below the market expectation of 9%.
The Core HICP declined by 0.8% on a monthly basis in January but the annual rate remained unchanged at 5.2%, compared to analysts' estimate of 5.1%.
Market reaction
The EUR/USD showed no immediate reaction to these figures and was last seen trading at 1.0885, where it was up 0.2% on a daily basis.
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