Eurozone January preliminary CPI +2.8% vs +2.8% y/y expected

<ul><li>Prior +2.9%</li><li>Core CPI +3.3% vs +3.2% y/y expected</li><li>Prior +3.4%</li></ul><p>The numbers here are more or less expected and reaffirms just a slight drop in inflation to start the year. In any case, it just keeps the ECB on track to maintain the argument for rate cuts in the months ahead.</p>

This article was written by Justin Low at www.forexlive.com.