Financial News: Eurozone Inflation Rises As Estimated To 2.5%

Eurozone Inflation Rises As Estimated To 2.5%

02/24/2025 - 05:13:00 (RTTNews)

(RTTNews) - Eurozone inflation rose slightly in January, as initially estimated, driven by higher energy prices, final data from Eurostat showed on Monday. Inflation edged up to 2.5 percent in January from 2.4 percent in December. The 2.5 percent matched the estimate published on February 3.

Core inflation that strips out prices of energy, food, alcohol and tobacco, held steady at 2.7 percent in January. The rate came in line with the flash estimate.

The acceleration in overall inflation was driven by the jump in energy prices to 1.9 percent from a marginal 0.1 percent rise in December.

The increase in food, alcohol and tobacco prices softened to 2.3 percent from 2.6 percent. Non-energy industrial goods prices registered a stable growth of 0.5 percent and services inflation slowed to 3.9 percent from 4.0 percent a month ago.

On a monthly basis, the harmonized index of consumer prices dropped 0.3 percent in January.

Data showed that EU inflation increased to 2.8 percent in January from 2.7 percent in December. Month-on-month, the HICP remained flat.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Plunges To Lowest Level In Over Two Years (28 min(s), 27 sec(s) ago)
(RTTNews) - Largely reflecting a substantial deterioration in consumer expectations, the Universit ...Full Story»

Slovakian Inflation Eases Slightly To 3.8% (34 min(s), 33 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation eased marginally in February from a 1-year hig ...Full Story»

Polish Inflation Remains Stable At 4.9% (01 hr(s), 13 min(s), 33 sec(s) ago)
(RTTNews) - Poland's consumer price inflation held steady in February, data from Statistics Po ...Full Story»

Spain Inflation Rises To 8-Month High As Estimated (01 hr(s), 50 min(s), 33 sec(s) ago)
(RTTNews) - Spain's consumer price inflation rose to an eight-month high in February, as estim ...Full Story»

Sweden Jobless Rate Falls To 9.4% (02 hr(s), 02 min(s), 33 sec(s) ago)
(RTTNews) - Sweden's jobless rate decreased in February to the lowest level in three months, f ...Full Story»

German Wholesale Price Inflation Highest In Nearly 2 Years (02 hr(s), 41 min(s), 33 sec(s) ago)
(RTTNews) - Germany's wholesale prices increased for the third straight month in February, and ...Full Story»

UK Inflation Expectations Rise: BoE/Ipsos Survey (02 hr(s), 46 min(s), 33 sec(s) ago)
(RTTNews) - UK inflation expectations increased in February, the latest quarterly Inflation Attitu ...Full Story»

Italy Industrial Production Rebounds 3.2% (03 hr(s), 14 min(s), 33 sec(s) ago)
(RTTNews) - Italy's industrial production bounced back sharply at the start of the year, data ...Full Story»