Euro-Area Inflation Slows on Telecommunications Costs
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The euro-area inflation rate fell for a second month in February, led by price declines in the telecommunications industry.
Annual consumer-price growth slowed to 1.8 percent from 2 percent in January, in line with an initial estimate on March 1, the European Union’s statistics office in Luxembourg said today. In the month, prices rose 0.4 percent. The annual core inflation rate, excluding volatile costs such as energy, alcohol and tobacco, held at 1.3 percent.