29 Feb 2016
Eurozone CPI falls most in a year
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%.
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%.