Wall Street Journal
February 28, 2011
Euro-zone consumer prices rose less quickly in January than initially thought, as prices for less volatile "core" items fell sharply from December.
Energy prices continued to accelerate, though, ensuring inflation stayed firmly above the European Central Bank's target rate.
Annual consumer price inflation was 2.3% in the 17 countries that use the euro, lower than the 2.4% provisional estimate, statistics agency Eurostat said Monday.
The euro barely reacted to the figures, dipping slightly before resuming its climb against the dollar.
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