Eurozone headline CPI slowed to 1.2% yoy in February, down from 1.4% yoy, matched expectations. CPI core (ex-energy, food, alcohol & tobacco) accelerated to 1.2% yoy, up from 1.1% yoy, above expectation of 1.1% yoy. PPI came in at 0.4% mom, -0.4% yoy, versus expectation of 0.2% mom, -0.5% yoy.
Eurozone unemployment rate was unchanged at 7.4% in January, staying at lowest since May 2008. EU 27 unemployment was unchanged at 6.6%, lowest since January 2000. Among the Member States, the lowest unemployment rates were recorded in Czechia (2.0%), Poland (2.9%) and the Netherlands (3.0%). The highest unemployment rates were observed in Greece (16.5% in November 2019) and Spain (13.7%).
