Investing.com - Euro zone consumer prices rose in February, according to a flash estimate released on Wednesday.
The bloc’s statistics agency Eurostat said its consumer price inflation rose 1.2% in February from the same month a year earlier.
CPI rose by 1.3% year-on-year in January.
Economists had expected annual inflation to increase by 1.2% in February.
Core inflation, which excludes energy, food, alcohol and tobacco prices, rose by an annual rate of 1.0% compared to the same reading in the previous month.
That was in line with the consensus forecast.
The European Central Bank targets a headline inflation rate of close to, but just below 2%.
The ECB will announce its next monetary policy decision on March 8.