Consumer prices rose a slightly stronger revised 0.3 percent on the month in January. This put the annual inflation rate at 0.9 percent, matching its upwardly revised final December mark.
The flash HICP, which is seasonally very weak at the start of the year, was also nudged a tick firmer to yield a 1.5 percent decline versus December and a 1.2 percent increase from a year ago.
As previously indicated, the main negative impact on the monthly change in the annual CPI rate came from unprocessed food, where inflation fell from 2.4 percent to 0.4 percent, transport services (1.3 percent after 2.8 percent) and non-regulated energy (2.5 percent after 4.4 percent). Processed food (2.1 percent after 0.8 percent) and regulated energy products (6.4 percent after 3.7 percent) provided the main boost.
The yearly core rate was 0.6 percent, unchanged from its provisional print and 0.2 percentage points above its final December outturn but still indicative of an essentially flat underlying trend.