Euro-Zone Inflation Eases as ECB Debate Over Rates Heats Up
- Consumer prices rose 8.5% from year ago in January; est. 8.9%
- ECB is set to hike interest rates by a half-point on Thursday
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Euro-area inflation slowed more than expected, suggesting a more heated debate to come at the European Central Bank over how much further interest rates must rise.
January’s reading came in at 8.5%, Eurostat said Wednesday, less than economist estimates for a slowdown to 8.9%.