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rdf:type	schema:NewsArticle
schema:articleBody	Eurozone consumer prices made a huge leap in January, official data showed Wednesday, but experts warned the rise was due to one-off changes and that underlying inflation is still low. The figure came in largely on the impetus of Germany, where new taxes played a factor in seeing consumer prices rise for the first time since last summer. France and Spain also saw consumer prices flip into positive territory, although analysts say the extraordinary circumstances of the Covid-19 pandemic make inflation difficult to measure. The Eurostat agency said inflation in the 19 countries that use the euro hit 0.9 percent at the start of 2021, a steep 1.2 percent leap from only a month earlier. The closely watched core inflation rate, which strips out highly fluctuating prices such as energy and food, also jumped, reaching 1.4 percent, Eurostat said. Despite the leap, inflation in Europe remains from the European Central Bank target of just under two percent. The historic rise "owes largely to one-offs," said economist Florian Hense, of Berenberg Bank. These include, he said, "the return to (higher) normal VAT rates in some eurozone countries, the introduction of an emissions-pricing scheme in Germany, changes to the composition of the basket of goods, a different winter sales period and energy price base effects." For now, salvaging an economy that crashed by 6.8 percent in 2020 is the priority. To fight the slump in demand and boost prices, the European Central Bank has bolstered its emergency pandemic bond-buying programme to 1.85 trillion euros ($2.24 trillion). Experts agreed that the fresh data had little chance of reversing the aid from the Frankfurt-based institution. The pandemic still poses "serious risks" to the eurozone economy, ECB chief Christine Lagarde warned last month. "Ample monetary stimulus" remained essential, she added. Lagarde is under pressure in some quarters to rein in massive stimulus programmes that punish savers with ultra low interest rates and encourage risk-taking on the financial markets. arp/dc/wai
schema:headline	Eurozone inflation jumps into positive territory
schema:mentions	European Central Bank Rein Eurozone World energy consumption Eurostat Christine Lagarde 2010 Tarco Airlines Antonov An-24 crash Inflation Value-added tax Spain Germany European Union Pandemic France Coronavirus disease 2019 Core inflation Berenberg family Saint Florian Air Raid Precautions in the United Kingdom Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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