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According to the data published by the Eurostat on Friday, the Consumer Price Index (CPI) increased 0.3% on a monthly basis in February following January’s 1% decline and came in line with the market expectation. The annual CPI ticked up to 1.5% in the same period.  

Details of the publication further revealed that the core CPI, which excludes volatile  food and energy prices, remained steady at 0.3% and eased to 1% on a monthly and yearly basis, respectively.