Eurozone January preliminary CPI +1.4% vs +1.4% y/y expected

Latest data released by Eurostat - 31 January 2020

• Prior +1.3%
• Core CPI +1.1% vs +1.2% y/y expected
• Prior +1.3%

You can pretty much ignore the headline reading, the core reading is what matters and despite it shows a drop once again to start the year. This will add to the headache for policymakers at the ECB as inflation is still far away from their target at the moment.