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| Version 0 | Version 1 |
|---|---|
| Eurozone inflation jumps in January | Eurozone inflation jumps in January |
| (35 minutes later) | |
| Eurozone inflation hit a near four-year high in January following an increase in energy prices. | Eurozone inflation hit a near four-year high in January following an increase in energy prices. |
| Inflation in the 19-country bloc jumped to 1.8% last month from 1.1% the month before. | Inflation in the 19-country bloc jumped to 1.8% last month from 1.1% the month before. |
| Data from Eurostat also showed that the eurozone's unemployment rate fell to 9.6% in December, the lowest rate since May 2009. | Data from Eurostat also showed that the eurozone's unemployment rate fell to 9.6% in December, the lowest rate since May 2009. |
| Eurozone GDP growth edged up to 0.5% in the fourth quarter of 2016, up from 0.4% in the previous quarter. | Eurozone GDP growth edged up to 0.5% in the fourth quarter of 2016, up from 0.4% in the previous quarter. |
| Core measure | |
| The spike in the inflation rate takes it up to the European Central Bank's target of below, but close to 2%. | |
| Eurozone inflation rose sharply last month after energy prices jumped 8.1% in January compared with the year before. | |
| Some have called for the European Central Bank to scale back its bond-buying programme. | |
| However, the ECB also looks at core inflation, which excludes energy and unprocessed food prices, in its policy decisions, and this rate remained unchanged at 0.9% in January |