Euro area annual inflation rises to -0.3%

FXStreet (Mumbai) - As per the initial estimate released by Eurostat, the statistical office of the European Union, Euro area inflation is expected to be -0.3% in February 2015, up from -0.6% in January.

The details revealed services is expected to have the highest annual rate in February (1.1%, compared with 1.0% in January), followed by food, alcohol & tobacco (0.5%, compared with -0.1% in January), non-energy industrial goods (-0.2%, compared with -0.1% in January) and energy (-7.9%, compared with -9.3% in January).

Meanwhile, the core inflation is expected to remain unchanged in February at 0.6%.