Inflation & Prices
Eurozone Inflation Slows Less Than Forecast, Backing ECB Caution
- February consumer prices rose 2.6% from a year ago; est 2.5%
- Investors agree with majority of officials signaling June cut
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Euro-zone inflation eased less than anticipated in February — supporting European Central Bank officials who don’t want to rush into lowering interest rates.
Consumer prices rose 2.6% from a year ago in February, Eurostat said Friday. That’s above the 2.5% median estimate in a Bloomberg survey of economists. Core inflation, excluding volatile components such as food and energy, also moderated less than envisaged, to 3.1%.