The European Central Bank got some welcome news about inflation as the eurozone’s annual rate of inflation cooled in February, marking the first time it has slowed in five months. The 2.4% increase in consumer prices compared to a year ago is lower than the previous month’s 2.5%. This reversal comes after four consecutive months of steadily faster price rises. The statistics agency reported the news on Monday.
Source: https://www.wsj.com/economy/ecb-primes-fresh-rate-cut-as-inflation-begins-to-ease-again-523526f4