Euro-Area February Inflation Slows, Keeps Pressure on ECB
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Euro-area inflation unexpectedly slowed in February, keeping pressure on the European Central Bank to defend the currency bloc against falling prices.
Consumer prices rose an annual 0.7 percent, down from 0.8 percent in January, the European Union’s statistics office in Luxembourg said today. That’s below Eurostat’s initial estimate of 0.8 percent on Feb. 28. The rate has been below 1 percent for five months.