Eurozone Inflation Hits ECB 2% Target

Euro-area inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those calling for an exit from the European Central Bank’s monetary stimulus program.

Consumer prices rose 2 percent in February from a year earlier, the European Union’s statistics agency in Luxembourg said Thursday. That matched the median estimate of 47 analysts surveyed by Bloomberg. The rate was 1.8 percent in January.

Rising oil prices have been pushing up inflation across the euro area, including in Germany, its largest economy, Spain and Italy.

Bloomberg

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