Euro zone inflation inched up last month, Eurostat said on Friday, mild comfort ...
BRUSSELS/FRANKFURT - Euro zone inflation inched up last month, Eurostat said on Friday, mild comfort for the European Central Bank as it prepares fresh measures to mitigate an unexpectedly deep and long economic slowdown.
But underlying inflation, closely watched by the ECB, failed to rise. Price growth excluding food and energy held steady at 1.2 percent, short of the central bank’s overall inflation target of almost 2 percent. Indeed, the ECB, which just ended a 2.6 trillion-euro bond-buying scheme aimed at pushing down borrowing costs, is already contemplating new support measures, with the first possibly coming at its next policy meeting, on March 7.
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