Sticky Underlying Inflation Set to Keep ECB on Its Toes

Sticky Underlying Inflation Set to Keep ECB on Its Toes
A shopper pays with a euro bank note in a market in Nice, France, on April 3, 2019. Eric Gaillard/Reuters
Reuters
Updated:

FRANKFURT—Eurozone inflation eased for the third straight month in January but any relief for the European Central Bank may be limited as underlying price growth held steady and concerns have already been raised about the reliability of the figures.

Inflation across the 20 countries that use the euro fell to 8.5 percent last month from 9.2 percent in December, driven by a fall in energy costs even as food and industrial goods kept upward pressure on prices, Eurostat data showed on Wednesday.