Euro-Area Inflation Accelerates in Breather for ECB's Draghi
- Consumer prices rose annual 0.4% in January, most since 2014
- Core inflation increased to 1%, energy costs fell 5.3%
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Euro-area inflation accelerated in January, providing a reprieve for European Central Bank officials that may prove temporary as commodity prices continue their descent and emerging markets slow.
Consumer prices rose an annual 0.4 percent, after 0.2 percent last month, the European Union’s statistics office said on Friday. That matches the median estimate in a Bloomberg survey of economists and is the biggest increase since October 2014.