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 upcoming decision is influenced by the inflation data?

What does the data from Spain, France, and Germany indicate about inflation?