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Euro Area Annual HICP Rises to 5.9% in February

Annual inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 5.9% in February, Eurostat announced on Thursday. This print came in higher than the flash estimate and the market expectation of 5.8%. the Core HICP, which excludes volatile food and energy prices, was 2.7% on a yearly basis in February expected.

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