Euro area inflation slowed less than expected, while core price growth continued to gain strength in February in the face of strong labor market conditions, strengthening the case for a long path of rate hikes from the European Central Bank even as energy prices stayed on downward trend.
The harmonized index of consumer prices rose 8.5 percent year-on-year in February, which was the slowest since May 2022.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.