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Eurozone inflation hits record 5.1% in January
By Martin Arnold
Financial Times, London
Wednesday, February 2, 2022
Consumer prices in the eurozone rose by a record 5.1% in January from a year earlier, keeping inflation higher than expected and increasing the pressure on the European Central Bank to respond with tighter monetary policy.
Steeper increases in the price of energy and food were only partly offset by slower growth in prices of manufactured goods, which meant annual inflation rose from its previous eurozone record of 5% in December, Eurostat said today.
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That clashed with widespread expectations of a fall in eurozone inflation. Economists polled by Reuters had on average forecast a eurozone inflation rate of 4.4% in January. ...
... For the remainder of the report:
https://www.ft.com/content/ef5ce3b5-f8a6-43ca-9a4d-3a507d12ddab
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