The preliminary data released by Eurostat on Monday showed the Eurozone consumer price index (CPI) dropped by most in a year in February, adding to the pressure on ECB to increase stimulus in March. The headline figure came-in at -0.4% m/m, which is well below the expected figure of 0.1%. The annualized figure printed at -0.2% compared to the previous figure of 0.4%. Except energy prices, all other items under HICP remained above zero levels. The core consumer price inflation rose 0.7%, which too is below the estimated figure of 0.9%. For more information, read our latest forex news.