Investing.com – Consumer price inflation in the euro zone rose broadly in line with expectations in February, preliminary data showed on Tuesday.
In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.4% in February, after rising by 2.3% in January.
Analysts had expected euro zone CPI to rise by 2.4% in January.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.21% to hit 1.3836.
Meanwhile, European stock markets were up. The EURO STOXX 50 climbed 0.56%, France’s CAC 40 added 0.55%, the FTSE 100 rose 0.32% and Germany's DAX was up 0.74%.
In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.4% in February, after rising by 2.3% in January.
Analysts had expected euro zone CPI to rise by 2.4% in January.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.21% to hit 1.3836.
Meanwhile, European stock markets were up. The EURO STOXX 50 climbed 0.56%, France’s CAC 40 added 0.55%, the FTSE 100 rose 0.32% and Germany's DAX was up 0.74%.