Eurozone Preliminary HICP inflation ticks down to 2.2% YoY in February as expected

The Eurozone Harmonized Index of Consumer Prices (HICP) rose at an annual pace of 2.2% in March after increasing by 2.3% in February, the official data released by Eurostat showed Tuesday. The data matched the market forecast of 2.2% in the reported period.

The core HICP accelerated 2.4% year-over-year (YoY) in March, compared with a 2.6% growth in February, missing the 2.5% market estimate.

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