Consumer prices in the currency area rose 2.5% compared with the same month of 2024, and up from the 2.4% of December, with the outlook clouded by President Trump’s tariff policies.

Eurozone inflation ticked up slightly in January to 2.5 percent, edging higher for a fourth consecutive month driven by energy price increases, official data showed on Monday. The January rise in consumer prices was mainly down to energy costs,

Inflation across the eurozone ticked up thanks to a higher contribution from energy prices, while food inflation fell and core inflation remained stable at 2.7%. Base effects – which have driven inflation higher in recent months – eased in January, which contributed to keeping the increase in inflation muted.