Eurozone inflation picks up in January

Eurozone inflation accelerated to 0.4 percent in January, from 0.2 percent the month before, official data showed Friday, suggesting European Central Bank efforts to boost the economy are finally bearing fruit. Analysts said the figures, in line with expectations, would be welcome but they still remain way short of the ECB's official two-percent target. Howard Archer at IHS Global Insight said the report was "a modest step in the right direction for the ECB", but largely reflected the slower pac