Further relief on eurozone inflation is expected on Friday with data expected to show the underlying rate of consumer price growth, which strips out more volatile energy and food prices, dropping below 3 per cent for the first time in two years.
That would be a key milestone for policymakers at the European Central Bank in the run-up to their next meeting on March 7 as they debate when to start cutting interest rates.
The headline rate of eurozone inflation has fallen steadily from its record high of 10.6 per cent in October 2022. Economists polled by Reuters forecast that annual price rises would continue to slow from 2.8 per cent in January to 2.5 per cent in February.
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