Eurozone inflation in January up from 2.2% to 2.4%

Inflation is rising worldwide.  In Europe, it has risen from 2.2% to 2.4% annualized for January.  Note that even though this is Europe, it is above the 2.0% target that Bernanke, et al have set for the US inflation targets.  Look for increasing inflation in the US as well.  Via Eurostat:

Euro area annual inflation is expected to be 2.4% in January 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.2% in December 2010.

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