Euro Area Annual Core CPI Remains Steady at 1.1%

Inflation in the euro area, as measured by the Consumer Price Index (CPI), stayed unchanged at 0.2% and 0.9% on a monthly and yearly basis, respectively, in February as expected.

Further details of the report published by Eurostat revealed that the annual Core CPI, which excludes volatile food and energy prices, remained steady at 1.1%. This reading came in line with analysts’ estimate as well.