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Eurostat published its flash estimate on the Euro area annual inflation which is expected to be 3.2% in January 2008. It was 3.1% in December 2007.
Euro area 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 available as well as early information about energy prices.