Eurozone final CPI meets estimates with 0.2% MoM in January, EUR/USD tests lows

• Eurozone inflation arrives at 0.9% YoY in January.
• Monthly CPI in the bloc rises by 0.2% in January.
• EUR/USD holds the lower ground below 1.2150 on the data release.

According to Eurostat’s final reading of the Eurozone CPI report for January, the consumer prices came in at 0.9% on a yearly basis, meeting the flash estimate of 0.9% and 0.9% expectations. While the core figures rose by 1.4% versus +1.4% previous and +1.4% expectations.       

On a monthly basis, the bloc’s CPI figure for December accelerated by 0.2% versus 0.2% expectations and 0.3% previous while the core CPI numbers arrived at -0.5% versus -0.5% expected and -0.5% last.

more to come ...