Eurozone CPI falls most in a year

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    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%.
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