Eurozone annual consumer inflation rose to a new record high of 5.1% in January in line with market expectation.
- EU annual inflation jumped to 5.6% in January, an increase from 5.3% posted in December.
- On a monthly basis, inflation in the Eurozone jumped 0.3% in January, from the prior month as EU inflation increased 0.5% from December.
- The highest annual rates were posted in Lithuania at 12.3%, Estonia with 11% and Czechia at 8.8%. The lowest annual rates were recorded in France with 3.3%, Portugal at 3.4% and Sweden with 3.9%.
In January, the highest contribution to the annual euro inflation rate came from energy with +2.8 percentage points, followed by services, +0.98 percentage points, alcohol & tobacco, +0.77 percentage points, and non-energy industrial goods at +0.56 percentage points.
Euro Stoxx 50 up +0.79%, EUR USD up +0.17%