Euro Zone Annual Inflation 1.1% in February

Euro Zone Annual Inflation 1.1% in February

Investing.com  | Mar 16, 2018 10:05

Euro zone inflation rose last month.

Investing.com - Euro zone consumer prices rose in February, according to a flash estimate released on Friday.

The bloc’s statistics agency Eurostat said its consumer price index rose 1.1% in February from the same month a year earlier.

Consumer prices rose 0.2% from a month earlier. Economists had expected annual inflation to rise by 1.2% and monthly inflation to rise by 0.2%.

Core inflation, which excludes energy, food, alcohol and tobacco prices, rose to an annual rate of 1.0% , the same rate as the previous month.The core figure was up by 0.4% from a month earlier. The European Central Bank targets a headline inflation rate of close to, but just below 2%.

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