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Eurozone Inflation Rises to 2%
Inflation in the 19-member eurozone crept up to 2% last month from 1.8% in January, according to Eurostat.
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Inflation in the 19-member eurozone crept up to 2% last month from 1.8% in January, according to Eurostat.
The EU agency says rising energy prices are largely to blame for raising the rate to a four-year high.
The European Central Bank targets an inflation rate just below 2%. The ECB has been trying to stimulate the eurozone economy to avoid deflation by holding it prime interest rate at zero percent and buying bonds.
Economists don’t expect the bank to abandon those programs, because the region’s core inflation rate (which ignores volatile energy and food prices) was unchanged last month at 0.9%.
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