Euro-Zone Inflation Tops Estimates at 8.5% in February

The video discusses the latest inflation data for the euro area, highlighting a slight decrease in headline inflation to 8.5% from 8.6% the previous month. However, core inflation, which is closely monitored by the European Central Bank (ECB), has increased to 5.6% from 5.3%. These figures are significantly above the ECB's target, influencing their upcoming decision on interest rates, with a 50 basis point hike anticipated. The data aligns with previous reports from Spain, France, and Germany, indicating ongoing challenges in reducing inflation.

What was the headline inflation rate for February in the euro area?

• 5.3%

• 8.6%

• 5.6%

• 8.5%

Which inflation measure is closely monitored by the European Central Bank?

• Consumer Price Index

• Producer Price Index

• Core inflation

• Headline inflation

How did the core inflation rate change from the previous month?

• It increased to 5.6%

• It decreased to 5.3%

• It dropped to 8.6%

• It remained at 8.5%

What is the expected action by the European Central Bank in response to the current inflation data?

• No change in rates

• A rate cut

• A 50 basis point hike

• A 25 basis point hike

Which countries' data indicate that the battle to reduce inflation is ongoing?

• Sweden, Norway, Denmark

• Netherlands, Belgium, Austria

• Italy, Greece, Portugal

• Spain, France, Germany