FLIY - Eurozone inflation rate above forecasts in February despite rapidly easing energy prices

• The consumer price inflation in the Euro Area inched lower to 8.5 percent in February 2023, the lowest since last May, but above market expectations of 8.2 percent, a preliminary estimate showed.
• The rate added to signs that inflationary pressure remained high in Europe and bolstered expectations that the European Central Bank will remain hawkish for longer.
• Meanwhile, the core rate, which excludes volatile items such as energy and food, rose to a fresh record high of 5.6 percent in February.
• The European Central bank is expected to increase interest rates by another 50 basis points at its next meeting on March 16 as price pressures remain high and the economy has averted a recession so far.
• ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ).

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