Eurozone inflation slows in February
The figure has been staying below the European Central Bank's target of 'below, but close to 2 percent' for the thirteenth consecutive month. Meanwhile, core inflation came in line with preliminary estimate. Core inflation rose to 1 percent from 0.8 percent a month ago.
On a monthly basis, overall consumer prices climbed 0.3 percent and core prices moved up 0.5 percent.
Food, alcohol and tobacco prices advanced 1.5 percent and non-energy industrial goods prices gained 0.4 percent. Cost of services were up 1.3 percent from last year. However, energy prices declined 2.3 percent annually, following a 1.2 percent drop in the prior month. ■