Eurozone inflation dips further in February

(ANSA-AFP) - BRUSSELS, MAR 1 - Eurozone inflation continued to ease in February, data showed Friday, but economists warned it was unlikely to push the European Central Bank to cut interest rates next month. Consumer prices in the 20-nation single currency area rose 2. 6 percent in February from a year earlier, down from a 2.8-percent rise in January, the EU's statistics agency said. Analysts surveyed by Bloomberg and FactSet had predicted that the rate of inflation would fall to 2.5 percent. The eurozone's inflation rate has been slowing steadily since its peak in October 2022, approaching the ECB's two-percent target. (ANSA-AFP).