Eurozone flash CPI rises in Feb, bang on expectations

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 2.0% in Feb, matching consensus forecast and 1.8% last. While, the core figures remained flat at 0.9% for the second straight month.

Separately, Eurozone PPI for January came in at +3.5% y/y, as compared to the previous +1.6% and +3.2% expected. While Eurozone unemployment rate held steady at 9.6% in January.