Inflation in the Eurozone decelerated less…

Inflation in the Eurozone decelerated less than expected in February, underscoring the persistency of inflationary pressures. The annual headline inflation rate moderated to 2.6% in February, surpassing the Bloomberg survey's consensus estimate of 2.5%. Similarly, core inflation, which excludes volatile food and energy prices, dropped by 0.2 percentage points to 3.1%, exceeding the anticipated 2.9% forecasted by economists.