Inflation & Prices
Euro-Zone Inflation Cools as ECB Enters Final Phase of Cuts
- Consumer prices rose 2.4% from year ago in February; est. 2.3%
- Sixth cut in interest rates since June likely to come Thursday
Shoppers in Rome.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Euro-area inflation eased, boosting confidence that it’s approaching the 2% target as the European Central Bank enters the last leg of interest-rate cuts.
Consumer prices rose 2.4% from a year earlier in February, down from 2.5% in January, Eurostat said. That’s just above the 2.3% median estimate in a Bloomberg survey of economists.