Eurozone January retail sales +0.3% vs +1.0% m/m expected

• Prior -2.7%; revised to -1.6%
• Retail sales -2.3% vs -1.8% y/y expected
• Prior -2.8%

Looking at the details, the volume of retail trade increased by 1.8% for food, drinks and tobacco and by 0.8% for non-food products, while it decreased by 1.5% for automotive fuels. While that is a positive on the month, the annual comparison shows that higher core inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is still very much weighing on overall consumption. Compared to January last year, the volume of retail trade decreased by 5.0% for food, drinks and tobacco and by 1.0% for non-food products, while it grew by 5.4% for automotive fuels.