January data on the euro area's Consumer Price Index are due at 12:00 (GMT+2). It is the main indicator of inflation in the region and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant influence on the decisions of regulators in the field of monetary policy. The Consumer Price Index is expected to fall on a monthly basis from 0.2% to -0.4%, and on an annualized basis from 2.9% to 2.8%, while the Core CPI in monthly terms is likely to correct from 0.5% to -0.9%, and the annual indicator may correct from 3.4% to 3.3%.
