Eurozone, Japanese inflation sink

Eurozone annual inflation fell to its lowest level since 1999 in January as data revealed price growth in Japan came to a near standstill in 2008.

Annualised inflation in the eurozone dipped from 1.6% in December to 1.1% this month, its lowest level since June 1999. The year-on-year Japanese core inflation figure was 0.2% in the year to December, down from 1% in November.

The eurozone figure - a flash estimate from Eurostat, the European Union's statistics bureau - is yet to be confirmed. How