Euro area February CPI revised lowerStaff Writer | March 16, 2018
Eurostat revised its estimate for the rate of advance in consumer price inflation for February down from a preliminary reading of 1.2% year-on-year to 1.1%, versus a print of 1.3% for January.
Europe Estimate for core prices unchanged
At 0.6% year-on-year, the closely-watched series of non-energy industrial goods prices was also unchanged.
Commenting on Friday's CPI figures, economists at Barclays Research said: "Current benign core trend is unlikely to change.
"The February print suggests that both core goods and services components will continue to improve only very gradually while also suggesting that downside risks have increased lately, albeit for different reasons." ■