Skip to Content

European inflation eases for 3rd month but prices still bite

KTVZ

By KELVIN CHAN
Associated Press

LONDON (AP) — Europe’s inflation rate has dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices. The European Union statistics agency said Wednesday that the consumer price index for the 20 countries that use the euro currency reached 8.5% in January compared with a year earlier. That’s down from the annual rate of 9.2% in December. It’s the first report on consumer prices with data from Croatia, which joined the eurozone on Jan. 1. Inflation in Europe has now slowed for the third month in a row, falling from a record high of 10.6% in October. Food and energy prices are persisting as the major factors driving up inflation.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content