Eurozone inflation jumps to 0.9% in January

inflation-road-sign

Headline eurozone inflation increased sharply in January to 0.9%, according to European Union figures, but several analysts argued that temporary factors distorted the data.

This is the largest monthly rise ever recorded in eurozone inflation, after it spent four months at -0.3%. Core inflation also rose to a five-year high of 1.4%, from 0.2% in December. Since 2013, eurozone inflation has been consistently below the European Central Bank’s target of below, but close to, 2%.

The increase was

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