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Eurozone Jan. inflation revised lower

03-01-2012 10:56 BJT

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While all eyes were on the EBC's LTRO results, eurozone January inflation was revised lower than first reported. Eurostat said consumer prices in the 17-country currency union fell 0.8% in January against December, for a year-on-year rise of 2.6%, a downward revision from the first estimate of 2.7%.

It supports market expectations that price growth will continue slowing as the economy contracts and possibly paves the way for a rate cut by the ECB, which would be Draghi’s third in the short time he’s been ECB president.

Analysts say though, watch out for those higher oil prices, they’re likely to lead to "stickier" inflation.

 

 

Editor:Zhang Rui |Source: CNTV.CN

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