Eurozone inflation slows to 1.7% in January
Eurozone inflation eased in January to 1.7 percent, official data showed Wednesday, thanks to a faster decline in energy costs.
The rise in consumer prices dipped from 2.0 percent the month before, and fell below the European Central Bank's target of two percent. The January reading was in line with forecasts of analysts surveyed by Bloomberg and FactSet.
Core inflation, which strips out volatile energy, food, alcohol and tobacco prices, slowed to 2.2 percent from 2.3 percent in December.
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