Eurozone inflation drops to 8.5 percent in January | DW News

DW News published this video item, entitled “Eurozone inflation drops to 8.5 percent in January | DW News” – below is their description.

The eurozone annual inflation rate fell for a third consecutive month to reach 8.5 percent in January. Consumer prices dropped from the 9.2-percent rate recorded in December, helped by a continued slowdown in the rate of energy cost rises.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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