Eurozone Inflation Eases in February on Lower Energy Prices

• Eurozone inflation eased to 2.6% in February, down from 2.8% in January • Lower energy prices are mainly driving the decline in inflation • Core inflation, excluding food and energy, was 3.1% in February • The European Central Bank is unlikely to lower interest rates until mid-year • Germany and France reported drops in consumer prices to 2.7% and 3.1% respectively