BRUSSELS (Reuters) – Euro zone inflation edged higher in line with expectations in February as food and energy price rises accelerated, but there was no matching increase to the core rate that the European Central Bank’s closely watches.
The European Union’s statistics agency Eurostat estimated on Friday that prices in the 19-country currency bloc rose 1.5 percent in February, from the 1.4 percent reported for January.
Figure - Line - Expectation - Economists - Reuters
The figure was in line with the average expectation of economists in a Reuters poll.
The increase brings headline inflation nearer to, but still some way off the ECB’s target of below, but close to 2.0 percent.
Core - Indicator - Role - ECB - Policy
The core indicator that plays a key role in the ECB’s monetary policy decisions, and which excludes volatile energy and unprocessed food prices, was unchanged at 1.2 percent in February, above expectations of a fall to 1.1 percent.
A narrower indicator,...
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