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EZ Feb Inflation Revised Upward To New High

EUROZONE
MNI (London)

FINAL HICP FEB +0.9% M/M, +5.9%r Y/Y (FLASH +5.8)%; JAN +5.1% Y/Y

FINAL CORE HICP FEB +0.5% M/M, +2.7% Y/Y; JAN +2.3% Y/Y

  • Eurozone HICP rose by 0.9% in February, taking the annual increase to an upwardly-revised 5.9%, up from the 5.8% pace reported earlier in the month. That’s a new record high, and a sharp acceleration from the 5.1% recorded in January.
  • Year-on-year rates rose in 25 of the 27 EU member states.
  • Core inflation — excluding energy, food, alcohol and tobacco — rose by 0.5% in February or by an annual rate of 2.7%, unchanged from the previous report, up from 2.3% in January.
  • European Central Bank President Christine Lagarde and other governing council members will be speaking later today at the ECB and Its Watchers conference.

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