Eurozone January 2023 annual inflation rate was announced as 8.5 percent annually and -0.4 percent monthly.
Eurozone inflation rates announced today drew attention. The Euro Zone inflation rate, which was announced by the USA on the day of the interest rate decision, was announced as 8.5 percent on an annual basis.
Eurozone January 2023 Inflation Figures
The annual inflation rate in the euro area fell by 0.1 percent month on month in November and 0.4 percent month on month in December. In January, monthly inflation was announced as -0.4 percent. In December, the annual rate remained at the level of expectations. While the expectations were 9.2 percent annually in December, the announced rate was the same.
The annual inflation rate for the Eurozone in January was announced as 8.5 percent. With the expectations of 9.0, this announced rate instilled hope in the market.
Challenging processes in the global economy bring along inflation increases and low purchasing power. The tightening initiated by the United States also raised recession concerns. The fact that the US is going to calm down in its interest rate decisions made us think that the inflation data will move in a downward direction. In this context, the Euro Zone has signaled that annual inflation data has started to decline.