Eurozone inflation cools but not as much as expected
Inflation in the euro area slowed to 2.6% in February year-on-year, down from 2.8% the month before but not quite as low as the 2.5% analysts had predicted. Eurostat's preliminary estimate, released on Friday, shows that the consumer prices in the eurozone are rising at their slowest rate in three months, but they're still hovering above the European Central Bank's (ECB) target inflation rate of 2%. Specifically, services price rises eased off slightly from 4% to 3.9%, as did food, alcohol and tobacco price rises (falling from 5.6% to 4%) and non-energy industrial goods (2% to 1.6%). UK inflat...