According to a flash estimate from Eurostat, euro area annual inflation is expected to be 1.2% in February 2020, down from 1.4% in January. Meanwhile, the core figures arrived at +1.2% in February when compared to 1.2% expectations and +1.1% previous.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in February (2.2%, compared with 2.1% in January), followed by services (1.6%, compared with 1.5% in January), non-energy industrial goods (0.5%, compared with 0.3% in January) and energy (-0.3%, compared with 1.9% in January).