Inflation & Prices
Euro-Zone Inflation Barely Slows as Core Gauge Hits Record
- Consumer prices jump 8.5% from year ago in February; est. 8.3%
- Investors are ramping up bets on the peak of ECB’s rate cycle
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Euro-area inflation slowed by less than anticipated while underlying price pressures surged to a new record, reinforcing expectations that the European Central Bank will have to push borrowing costs ever higher.
Driven by food and services costs, February’s headline figure of 8.5% exceeded the 8.3% median estimate in a Bloomberg survey of economists and compares with an advance of 8.6% in January.