Investing.com - Consumer price inflation in the euro zone held steady in January, unchanged from a preliminary estimate, official data showed on Thursday.
In a report, Eurostat said consumer price inflation held steady at 2% in January, unchanged from an initial estimate and in line with expectations.
The rate remains above the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs slowed to 1.3% in January, down from a preliminary estimate of 1.5%.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.12% to trade at 1.3121.
Meanwhile, European stock markets held on to gains. The EURO STOXX 50 rose 0.4%, France’s CAC 40 added 0.4%, Germany's DAX advanced 0.6%, while London’s FTSE 100 eased up 0.3%.
In a report, Eurostat said consumer price inflation held steady at 2% in January, unchanged from an initial estimate and in line with expectations.
The rate remains above the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs slowed to 1.3% in January, down from a preliminary estimate of 1.5%.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.12% to trade at 1.3121.
Meanwhile, European stock markets held on to gains. The EURO STOXX 50 rose 0.4%, France’s CAC 40 added 0.4%, Germany's DAX advanced 0.6%, while London’s FTSE 100 eased up 0.3%.