Economics
Euro-Area Inflation Slowdown Highlights ECB's Uphill Battle
- Rate fell to 1.3 percent in January from 1.4 percent
- Consumer-price growth was likely damped by energy costs
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Inflation in the euro area slowed at the start of the year, highlighting the hurdles faced by the European Central Bank as it attempts to foster price growth in a region still beleaguered in places by high unemployment.
Consumer prices rose 1.3 percent in January, the European Union’s statistics office said on Wednesday. The reading exceeds the median forecast of 1.2 percent in a Bloomberg survey but is below December’s rate of 1.4 percent.