Euro zone CPI holds steady at 2% in January
Investing.com
Published Feb 28, 2013 05:06AM ET
In a report, Eurostat said consumer price inflation held steady at 2% in January, unchanged from an initial estimate and in line with expectations.
The rate remains above the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs slowed to 1.3% in January, down from a preliminary estimate of 1.5%.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.12% to trade at 1.3121.
Meanwhile, European stock markets held on to gains. The EURO STOXX 50 rose 0.4%, France’s CAC 40 added 0.4%, Germany's DAX advanced 0.6%, while London’s FTSE 100 eased up 0.3%.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.