Euro-Region Inflation Rate at 2.7% for Third Month on Energy

Euro-area consumer prices increased 2.7 percent in February for a third month, prompting the European Central Bank to turn its focus to increasing price threats.

The inflation rate was in line with an initial estimate published on March 1, the European Union’s statistics office in Luxembourg said today. January’s rate was revised to 2.7 percent from 2.6 percent. Industrial output rose 0.2 percent in January from the previous month, a separate report showed.