Eurozone Preliminary HICP inflation drops to 2.6% YoY in February vs. 2.5% expected

The Eurozone annual Harmonised Index of Consumer Prices (HICP) rose 2.6% in February, cooling from a 2.8% increase in January, the official data published by Eurostat showed on Friday. The market forecast was for a 2.5% growth in the reported period.

The Core HICP inflation fell further to 3.1% YoY in February, compared with January’s 3.3% reading, beating expectations of 2.9%.

Over the month, the bloc’s HICP rebounded 0.6% in February vs. a 0.4% decrease reported in January.

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