Euro-Area Inflation Unexpectedly Revised Lower for February
- Consumer prices rose annual 1.1% vs. initial reading of 1.2%
- ECB earlier expressed surprise over signs of economic slack
A customer holds a ten euro banknote to purchase pastries in the Sant Antoni market in Barcelona.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Euro-area inflation slowed more than initially estimated last month, highlighting the challenges faced by the European Central Bank as it tries to stoke price pressures.
Consumer prices in the 19-country bloc rose just 1.1 percent in February from a year earlier, according the European Union’s statistical office. That’s the weakest rate since late 2016 and falls short of an initial reading of 1.2 percent.