Eurozone CPI accelerated to 5.1% yoy in January, up from December 5.0% yoy, well above expectation of slowing to 4.3% yoy. That’s also another record high. CPI core dropped from 2.6% yoy to 2.3% yoy, but still beat expectation of 1.9% yoy.
Energy is expected to have the highest annual rate (28.6%, compared with 25.9% in December), followed by food, alcohol & tobacco (3.6%, compared with 3.2% in December), services (2.4%, stable compared with December) and non-energy industrial goods (2.3%, compared with 2.9% in December).
