Euro zone inflation rises to hotter-than-expected 2.5% in January
- Euro-Area inflation rose to 2.5% in January, up from 2.4% in December, according to Eurostat.
- Core inflation remained stable at 2.7%, while the European Central Bank cut interest rates to 2.75%, signaling that more reductions may follow.
- The rise in consumer prices was driven by energy costs, which increased by 1.8% year-on-year, impacting various sectors.
- Policymakers are optimistic that price pressures will ease, focusing on supporting the struggling economy in the Eurozone.
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Total News Sources0
Leaning Left3Leaning Right3Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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