Euro area inflation is confirmed at -0.3% MoM and 2.5% YoY for January.

• Core inflation sees a slight upward revision in the monthly rate to -0.9% MoM from -1.0% MoM but the annual rate remains at 2.7% YoY.
• Energy was revised up from 2.9% MoM and 1.8% YoY to 3.0% MoM and 1.9% YoY.
• Monthly services inflation saw a minor upward revision from -0.2% MoM to -0.1% MoM with the annual rate unchanged at 3.9% YoY.
• Energy accounted for the entire 0.1 ppt acceleration in the annual rate.
• Services keeps the core inflation rate high with a contribution of 1.77 ppts.