- Analytics
- News and Tools
- Market News
- Eurozone Preliminary HICP inflation rises to 2.5% YoY in January, as expected
Eurozone Preliminary HICP inflation rises to 2.5% YoY in January, as expected
The Eurozone Harmonized Index of Consumer Prices (HICP) advanced at an annual rate of 2.5% in January after increasing 2.4% in December, the official data released by Eurostat showed Monday. The market consensus was for a 2.5% growth in the reported period.
The core HICP rose 2.7% YoY in January, at the same pace seen in December, beating the 2.6% market forecast.
On a monthly basis, the bloc’s HICP declined 0.3% in January compared to December’s 0.4%. The core HICP inflation arrived at -1% month-over-month (MoM) in the same period versus a 0.5% growth in December.
The European Central Bank’s (ECB) inflation target is 2.0%. The old continent’s HICP inflation data significantly impacts the market’s pricing of the ECB's future interest rate cuts.
Key details from the Eurozone inflation report (via Eurostat)
Looking at the main components of euro area inflation, services is expected to have the highest annual rate in January (3.9%, compared with 4.0% in December), followed by food, alcohol & tobacco (2.3%, compared with 2.6% in December), energy (1.8%, compared with 0.1% in December) and non-energy industrial goods (0.5%, stable compared with December).
EUR/USD reaction to the Eurozone inflation report
The Euro remains deep in the red following the inflation report, with EUR/USD trading near 1.0230 as of writing. The pair is down 1.24% on the day.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.28% | 0.78% | 0.05% | -0.12% | 1.10% | 0.57% | 0.17% | |
| EUR | -1.28% | -0.10% | 0.08% | -0.09% | 0.29% | 0.60% | 0.19% | |
| GBP | -0.78% | 0.10% | -0.92% | 0.00% | 0.39% | 0.70% | 0.30% | |
| JPY | -0.05% | -0.08% | 0.92% | -0.17% | 1.21% | 1.44% | 0.76% | |
| CAD | 0.12% | 0.09% | -0.00% | 0.17% | 0.12% | 0.70% | 0.29% | |
| AUD | -1.10% | -0.29% | -0.39% | -1.21% | -0.12% | 0.31% | -0.09% | |
| NZD | -0.57% | -0.60% | -0.70% | -1.44% | -0.70% | -0.31% | -0.40% | |
| CHF | -0.17% | -0.19% | -0.30% | -0.76% | -0.29% | 0.09% | 0.40% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
