We report results of a magneto-optical investigation of the Zintl-phase compound EuIn$_2$P$_2$. The compound orders magnetically at $T_C$=24 K and exhibits concomitant large magnetoresistance effects. For $Tle$50 K and increasing magnetic fields we observe a transfer of spectral weight in $sigma_1(omega)$ from energies above 1 eV into the low-energy metallic component as well as into a mid-infrared signal centered at about 600 cm$^{-1}$. This latter absorption is reminiscent to what has been seen in a large variety of so-called Kondo materials and ascribed to excitations across the hybridization gap. The observed gain of Drude weight upon increasing magnetic field suggests an enhancement of the itinerant charge-carrier concentration due to the increasing magnetization, a phenomenon that was previously observed in other compounds which exhibit colossal magnetoresistive effects.
