BRUSSELS: Inflation in the eurozone continued to fall in January, dropping to 1.4 percent from 1.6 percent in December, according to a preliminary estimate by Eurostat. Inflation in the eurozone continued to fall in January, dropping to 1.4 percent from 1.6 percent in December, according to a preliminary estimate by EurostatThe ongoing fall reported by the official agency came within the range of analyst forecasts compiled by the Factset financial services firm. Worries over growth and inflation make it less likely that the ECB will be able to raise interest rates this year. Inflation stood at 1.9 percent in November but has been falling in particular because of lower energy prices. The underlying inflation rate for January -- excluding volatile products like energy, food, alcohol and tobacco -- rose slightly in Januray to 1.1 percent from 1.0.

Source: Bangkok Post February 01, 2019 13:41 UTC