January 2024 Euro Area Inflation
In January 2024, the Euro Area saw a slight dip in its inflation rate, settling at 2.8%, a marginal decrease from December’s 2.9%. This figure still surpasses the European Central Bank’s target of 2.0%. The core inflation rate, which excludes the unpredictable food and energy prices, has been on a downward trend for six consecutive months, dropping to 3.3% – a low not seen since March 2022.