Europe Flash: ”Inflation stepped up in February, while activity contraction took its toll in the labour market”
Published on Wednesday, February 29, 2012
Europe Flash: ”Inflation stepped up in February, while activity contraction took its toll in the labour market”
Eurozone inflation increased by 0.1pp to 2.7% y/y in February, against our expectation of stabilization, suggesting that moderation in inflation could be slower than anticipated, driven by the recent increase in oil prices but also by the stabilization of some components of core prices.
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