The annual inflation rate in the Euro Region increased to 2.5 percent in January.
The European Statistics Office (Eurostat) has published pioneering inflation data of the Euro Region for January.
Accordingly, the Annual Consumer Price Index (CPI), which is 2.4 percent in the Euro Region in December, rose to 2.5 percent in January. CPI was minus 0.3 percent on a monthly basis on January.
Market expectation was that annual inflation would be 2.4 percent in the January.
In the euro region, core inflation in the stove was 2.7 percent on an annual basis.
Looking at the main components of inflation, the highest price increase was seen in the service sector with 3.9 percent. This was followed by food, alcohol and tobacco products with 2.3 percent, energy products with 1.8 percent and non -energy industrial products with 0.5 percent.
Inflation was 5 percent in Croatia in January, 4.4 percent in Belgium, 4.1 percent in Slovakia.
Annual inflation was 2.9 percent in Spain, 2.8 percent in Germany, 1.8 percent in France and 1.7 percent in Italy.
The European Central Bank (ECB) aims to have inflation 2 percent in the medium term.
Inflation has been rising for the last 4 months in the Euro Zone.