Eurozone core inflation hits record 5.6%

ECB President Christine Lagarde February 2022

Eurozone core inflation quickened to 5.6% in February from 5.3% in January, Eurostat flash estimates released on March 2 show. Headline inflation was 8.6%, up from 8.5%.

Eurostat estimates inflation in the eurozone’s two largest economies – Germany and France – rose to 9.3% and 7.2%, respectively. Other eurozone members where inflation is expected to have risen in February are Ireland, the Netherlands, Slovakia and Spain.

The European Central Bank raised its key rate by 50 basis points to 2.5%

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