Euro area annual inflation is expected to be 2.7% in January 2012 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was also 2.7% in December 2011. Computation of flash estimates 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. The flash estimation procedure for the MUICP combines historical information with partial information ... (full story)