Eurozone inflation increased unexpectedly in February even before the conflict in the Middle East began, official data showed on Tuesday.
The harmonized index of consumer prices rose 1.9 percent from a year ago, the flash estimate revealed. This followed January's 1.7 percent increase and December's 2.0 percent rise. Prices were expected to climb at a steady pace of 1.7 percent.
Excluding energy, food, alcohol and tobacco, core inflation climbed to 2.4 percent in February, while it was expected to remain stable at 2.2 percent. Final data for February is due on March 18.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.