欧元区CPI降至1.7% 核心通胀创近5年来最低! 欧洲央行“按兵不动”预期强化
Zhi Tong Cai Jing·2026-02-04 13:51

Group 1 - Eurozone inflation has further declined, with the consumer price index (CPI) rising only 1.7% year-on-year in January, down from 1.9% the previous month, marking the lowest level since September 2024 [1][4] - The core inflation rate, excluding volatile food and energy prices, unexpectedly dropped to 2.2%, the lowest since October 2021, while the service sector inflation rate slowed to 3.2% [1][4] - Economists widely expect the European Central Bank (ECB) to maintain borrowing costs at 2% for the fifth consecutive time during the upcoming monetary policy meeting [1][4] Group 2 - In the Eurozone, inflation rates vary among member countries, with Germany's inflation at approximately 2.1%, slightly above expectations, while France recorded an unexpected low of 0.4%, the lowest in five years [5] - The decline in inflation in France is attributed to a significant drop in manufactured goods prices, particularly in clothing and footwear, driven by seasonal discounts and increased domestic sales due to export challenges [8] - Economists predict that the ECB will likely keep interest rates unchanged throughout 2026, with a small probability of rate cuts unless inflation remains persistently below target and service/wage growth slows significantly [9]