According to the report from Eurostat, euro area annual inflation is expected to be 0.9% in February 2021, stable compared to January,. The core figures rose by 1.1%% Y/Y in February when compared to 1.1% expectations and 1.4% registered in January.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in February (1.4%, compared with 1.5% in January), followed by services (1.2%, compared with 1.4% in January), non-energy industrial goods (1.0%, compared with 1.5% in January) and energy (-1.7%, compared with -4.2% in January).