Eurozone Preliminary HICP inflation eases to 2.4% YoY in February vs. 2.3% expected

The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.4% year-on-year (YoY) in February after recording a 2.5% growth in January, the official data released by Eurostat showed Monday. The market forecast was for a 2.3% acceleration in the reported period.

The core HICP advanced 2.6% YoY in February, compared with a 2.7% increase in January, meeting the 2.6% market expectations.