FOREX TradingCharts.com

Financial News: Eurozone Inflation Steady At 0.9% In February

Eurozone Inflation Steady At 0.9% In February

03/02/2021 - 06:29:00 (RTTNews)

(RTTNews) - Eurozone consumer price inflation was stable in February, while core price growth slowed, flash figures from Eurostat showed Tuesday. The consumer price index rose 0.9 percent year-on-year, same as in January, and in line with economists' expectations. Inflation was in positive territory for a second straight month.

Core inflation, which excludes prices of energy, food, alcohol & tobacco, eased to 1.1 percent from 1.4 percent in January. This also matched economists' expectations. Compared to the previous month, consumer prices rose 0.2 percent in February, same as in January.

The food, alcohol & tobacco component registered the highest annual rate of increase in February, 1.4 percent versus 1.5 percent in January.

The rate of increase in services costs slowed to 1.2 percent from 1.4 percent, and that for non-energy industrial goods eased to 1.0 percent from 1.5 percent. The pace of decline in energy prices slowed sharply to 1.7 percent from 4.2 percent. The full data for February is scheduled for release on March 17. "We expect inflation to temporarily exceed 2 percent later in the year, but the only worry for the European Central Bank at the moment is higher bond yields, not higher prices," ING economist Bert Colijn said.

The central bank is likely to see these inflationary drivers as largely fleeting, but policymakers are set to express worry over the higher bond yields that have been driven by developments in the US, the economist said. "Because of that, we expect the ECB to increase asset purchases and address the rising bond yields at next week's meeting," Colijn added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Germany's Private Sector Growth Moderates In April (03 min(s), 29 sec(s) ago)
(RTTNews) - Germany's private sector growth moderated in April with services activity stalling ...Full Story»

France Private Sector Expands For First Time Since August (23 min(s), 29 sec(s) ago)
(RTTNews) - France's private sector returned to growth for the first time since August 2020, d ...Full Story»

Austria Production Index Grows In February (46 min(s), 29 sec(s) ago)
(RTTNews) - Austria's production index grew in February, as industrial production and construc ...Full Story»

Lithuania Industrial Production Rises In March (01 hr(s), 01 min(s), 29 sec(s) ago)
(RTTNews) - Lithuania's industrial production increased in March, figures from Statistics Lith ...Full Story»

UK Budget Logs Biggest March Deficit On Record (01 hr(s), 35 min(s), 29 sec(s) ago)
(RTTNews) - The UK budget posted its biggest deficit on record for the month of March, figures fro ...Full Story»

UK Retail Sales Growth Tops Expectations (01 hr(s), 53 min(s), 29 sec(s) ago)
(RTTNews) - UK retail sales grew more than expected in March as the easing of the restrictions rel ...Full Story»

Singapore Inflation Increases In March (02 hr(s), 22 min(s), 29 sec(s) ago)
(RTTNews) - Singapore's consumer prices rose in March, data from the Monetary Authority of Sin ...Full Story»

Malaysia Inflation Rises In March (02 hr(s), 59 min(s), 29 sec(s) ago)
(RTTNews) - Malaysia's consumer prices increased in March, data from the Department of Statist ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Germany's Private Sector Growth Moderates In April

04/23/2021 - 04:14 AM (RTTNews)
(RTTNews) - Germany's private sector growth moderated in April with services activity stalling ...Full Story>>

France Private Sector Expands For First Time Since August

04/23/2021 - 03:54 AM (RTTNews)
(RTTNews) - France's private sector returned to growth for the first time since August 2020, d ...Full Story>>

Austria Production Index Grows In February

04/23/2021 - 03:31 AM (RTTNews)
(RTTNews) - Austria's production index grew in February, as industrial production and construc ...Full Story>>

Lithuania Industrial Production Rises In March

04/23/2021 - 03:16 AM (RTTNews)
(RTTNews) - Lithuania's industrial production increased in March, figures from Statistics Lith ...Full Story>>

UK Budget Logs Biggest March Deficit On Record

04/23/2021 - 02:42 AM (RTTNews)
(RTTNews) - The UK budget posted its biggest deficit on record for the month of March, figures fro ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.