Consumer price inflation in the euro zone rises less than firstly anticipated in January, official data showed on Monday.

In a report, Eurostat said that CPI rise by a seasonally adjusted 2.3% in January, compared to a prelude estimate of 2.4%.

Analysts had anticipated euro zone consumer price inflation to increase by 2.4% in January.

Core CPI, which excludes energy, food, tobacco, and alcohol costs, rose less-than-anticipated, increasing by a seasonally adjusted 1.1% in January, unchanged from a previous approximate of 1.1%.

Analysts had anticipated core CPI to rise by 1.2% in January.

Following the release of the data the euro was up next to the U.S. dollar, with EUR/USD gaining 0.51% to hit 1.3823.

For the meantime, European stock markets were down. The EURO STOXX 50 shed 0.32%, France’s CAC 40 slipped 0.12%, the FTSE 100 dropped 0.56%, whereas Germany’s DAX was down 0.23%.

This was the major Forex Trading News Today.