Eurostat released its final consumer price inflation data for the Eurozone on Thursday. Eurozone's harmonized consumer price index dropped 1.4% in January, in line with expectations, after a flat reading in December.

On a yearly basis, Eurozone's final consumer price inflation rose to 0.3% in January from 0.2% in December, down from the preliminary reading of 0.4%.

Restaurants and cafés prices were up 0.10% year-on-year in January, tobacco and vegetables prices rose by 0.06% each, fuel prices for transport declined by 0.28%, heating oil prices decreased by 0.18%, while gas prices were down by 0.11%.

Eurozone's final consumer price inflation excluding food, energy, alcohol and tobacco increased to at an annual rate of 1.0 in January from 0.9% in December, in line with the preliminary reading.