Euro Zone: Inflation stable in January
Inflation was stable at 2.7% in January, after declining by 0.3 pp in the previous month. VAT increases have increased prices of many items in January, probably offsetting the positive effects coming from energy related base effect. Nevertheless, inflation is on a downward trend and it is likely to fall back below 2% this summer, and remain below this threshold thereafter. Inflation was stable at 2.7% in January, after declining by 0.3 pp in the previous month. VAT increases (notably in France,
