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%.