Euro area1 annual inflation2 is expected to be -0.6% in January 2015, down from -0.2% in December 20143, according to a flash estimate4 from Eurostat, the statistical office of the European Union.
This negative rate for euro area annual inflation in January is driven by the fall in energy prices (-8.9%, compared with -6.3% in December). Prices are also expected to fall for food, alcohol & tobacco (-0.1%, compared with 0.0% in December) and non-energy industrial goods (-0.1%, compared with 0.0% in December). Only prices for services are expected to increase (1.0%, compared with 1.2% in December).
Full text available on EUROSTAT website