Eurozone Preliminary Inflation Jumps to 5.8% YoY in February

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumps by 5.8% in February, coming in much higher than the previous reading of 5.1%, the latest data published by Eurostat showed on Wednesday. The consensus forecast was for a hotter reading of 5.4%.

The core figures arrived at 2.7% YoY in February when compared to 2.5% expectations and 2.3% booked in January.