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Euro area February CPI revised lower

Staff 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.
Euro area February CPI
Europe   Estimate for core prices unchanged
However, at the 'core' level, that is excluding prices of energy, food, alcohol and tobacco, at 1.0% CPI was unchanged from the prior month's reading.

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."