Eurozone Core Inflation Falls to 4-Year Low

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The annual core inflation rate in the Euro Area, which excludes prices of food, energy, and tobacco, fell to 2.2% in January of 2026 from 2.3% in the earlier month, according to a flash estimate. The gauge measured the lowest increase in core prices since October of 2021, before the Russian war in Ukraine shocked the supply of European energy and triggered record-setting inflation in the currency block.

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