Eurozone inflation declined 0.6 percent in January versus -0.5 percent expectations

FXStreet (London) - Eurozone annual inflation declined -0.6 percent in January 2015, down from -0.2 percent in December 2014, according to a flash estimate from Eurostat, the statistical office of the European Union.

This negative rate for Eurozone annual inflation in January is driven by the fall in energy prices (-8.9 percent, compared with -6.3 percent in December). Prices are also expected to fall for food, alcohol & tobacco (-0.1 percent, compared with 0.0 percent in December) and non-energy industrial goods (-0.1 percent, compared with 0.0 percent in December). Only prices for services are expected to increase (1.0 percent, compared with 1.2 percent in December).