Euro area inflation eases in January 2024

A closer examination of the main components contributing to the overall inflation rate reveals significant insights. On the energy front, prices continue to show a negative inflation rate, albeit with a slight improvement. Energy prices are expected to be at minus 6.3 per cent in January, a marginal recovery from minus 6.7 per cent in December.

Notably, the inflation for non-energy industrial goods is projected to decrease to 2 per cent in January from 2.5 per cent in December, as per Eurostat.

Fibre2Fashion News Desk (DP)