Eurozone inflation slows to 1.6 percent

Euro-zone annual inflation slowed to 1.6 per cent in February, its lowest level since November 1999, data from the European Union's statistics agency showed on Wednesday 17 March.

The annual rate was down from 1.9 per cent in January and also below the bank's target for price stability, defined as inflation of "close to, but below" 2 per cent.

The figures confirmed Eurostat's estimate published late last month and were in line with analysts' expectations.

In the full 15-nation EU, inflation stoo