In February, inflation in the Euro Area showed an increase of 2.3% on an annual basis, below expectations. Consumer prices in the Euro Area rose by 2.3% compared to the previous year in February, falling short of forecasts. Economists had anticipated a 2.4% increase in consumer prices in the Euro Area. According to data from Eurostat, the EU’s statistics agency, inflation in February increased by 0.4% compared to the previous month. Core inflation, excluding energy and unprocessed food prices in the Euro Area, rose in line with expectations by 2.6% compared to the previous year. Core inflation increased by 0.5% compared to the previous month.