Eurozone inflation hits six-month high of 2.5%, despite ECB plans to lower interest rates.
Eurozone inflation rose to 2.5% in January, marking a six-month high and the fourth consecutive monthly increase. Despite this, the European Central Bank (ECB) is likely to continue lowering interest rates due to concerns over economic growth. Services, food, alcohol, tobacco, and energy drove the increase. Across the EU, inflation varied, with Hungary having the highest rate at 5.7% and Denmark the lowest at 1.4%.
2 months ago
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