Economics
Euro-Area Inflation Jumps as ECB Warns Against Undue Optimism
- Headline rate rises to 0.9%, with core at highest since 2015
- Increase partially due to phased-out sales-tax cut in Germany
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Inflation returned to the euro area in January thanks to temporary shifts in prices, suggesting the European Central Bank won’t see any need to change its course in supporting the economy.
Consumer prices rose an annual 0.9%, more than economists expected, for the first gain in six months. A measure that excludes volatile items such as food and energy surged to 1.4%, the highest in more than five years.