World Economic outlook - Eurozone inflation rate outlook january 2012 : Eurozone annual inflation is expected to be 2.7% in January 2012 according to a flash estimate issued by Eurostat, the statistics office of the European Union. It was also 2.7% in December 2011.
The target rate of the European Central Bank is 'below but close to 2%.'
Computation of flash estimates
Eurostat says Eurozone inflation is measured by the Monetary Union Index of Consumer Prices (MUICP). To compute the MUICP flash estimates, Eurostat uses early price information relating to the reference month from member states for which data are available4 as well as early information about energy prices.
The flash estimation procedure for the MUICP combines historical information with partial information on price developments in the most recent months to give a total index for the Eurozone. No detailed breakdown is available. Eurostat says experience has shown the procedure to be reliable (20 times exactly anticipating the inflation rate and 4 times differing by 0.1 over the last two years).
Eurozone members are Belgium inflation rate january 2012, Germany inflation rate january 2012, Estonia, Ireland inflation rate january 2012 , Greece inflation rate january 2012, Spain, France inflation rate january 2012 , Italy inflation rate january 2012 , Cyprus inflation rate january 2012, Luxembourg inflation rate january 2012 , Malta inflation rate january 2012, the Netherlands inflation rate january 2012 , Austria inflation rate january 2012, Portugal inflation rate january 2012, Slovenia inflation rate january 2012, Slovakia inflation rate january 2012, Finland inflation rate january 2012.
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