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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by Renju Jaya
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