The annualized Eurozone\u00a0Harmonised Index of Consumer Prices\u00a0(HICP) comes in a tad softer at 8.5% in February vs. January\u2019s 8.6%, the latest data published by Eurostat\u00a0showed on Thursday. The market expected the inflation gauge to ease to 8.2% in the reported period. The core HICP climbs to 5.6% YoY in February when compared to 5.3% expected and 5.3% seen in the January reading.<\/p>\n\n\n\n
On a monthly basis, the old continent\u2019s HICP unexpectedly jumped by 0.8% in February vs. -0.3% expectations and -0.2% previous. The core HICP arrived at 0.8% last month as against the 0% expected and -0.8% registered in January.<\/p>\n\n\n\n
The Euro area inflation data is featured a trading day after Germany\u2019s annual HICP for February, which rose by 9.3%, beating 9.0% estimates while following a 9.2% increase seen in January.<\/p>\n\n\n\n
The ECB inflation target is 2%.<\/p>\n\n\n\n
The bloc\u2019s HICP figures hold significance, as it would help investors reprice\u00a0the European Central Bank\u2019s (ECB)\u00a0rate hike expectations. Market expectations currently attach a 65% probability to a 50bp hike in May, with a 50 bps March rate hike almost a done deal, as endorsed by several\u00a0ECB\u00a0policymakers.<\/p>\n","protected":false},"excerpt":{"rendered":"
The annualized Eurozone\u00a0Harmonised Index of Consumer Prices\u00a0(HICP) comes in a tad softer at 8.5% in February vs. January\u2019s 8.6%, the latest data published by Eurostat\u00a0showed on Thursday. The market expected the inflation gauge to ease to 8.2% in the reported period. The core HICP climbs to 5.6% YoY in February when compared to 5.3% expected …<\/p>\n","protected":false},"author":9,"featured_media":31526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8693,6923,7666,8806,6928,6837,9687,9530,6858],"class_list":["post-80861","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cost-of-living","tag-ecb","tag-energy-prices","tag-eu-economy","tag-euro","tag-eurozone","tag-german-e","tag-oil-embargo","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=80861"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80861\/revisions"}],"predecessor-version":[{"id":80862,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80861\/revisions\/80862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31526"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}