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  • Mid Session Commentary - Detailed News

Economic Buzz: Eurozone Inflation Accelerates In February
01-Mar-19   16:05 Hrs IST
Eurozone flash harmonized inflation for February was 1.5 percent, which was higher than January's 1.4 percent, data from Eurostat showed on Friday. Meanwhile, the core inflation rate that excludes energy, food, alcohol and tobacco, slowed to 1 percent in February from 1.1 percent in January. Energy price inflation accelerated to 3.5 percent in February, from 2.7 percent in January, marking the highest annual rate among the main components. Prices in the food, alcohol and tobacco group rose 2.4 percent year-on-year after a 1.8 percent climb in January. Services costs grew 1.3 percent following 1.6 percent rise in January.

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