Euro area inflation in February was revised down to 0.4% MoM and 2.3% YoY in February from the first estimate of 0.5% MoM and 2.4% YoY.

• Monthly core inflation was downgraded slightly to 0.5% MoM (vs 0.6% MoM initial estimate) but the annual rate was unchanged at 2.7% YoY.
• Food inflation confirmed at 0.4% Mom and 2.7% YoY.
• Energy inflation confirmed at -0.3% MoM and 0.2% YoY.
• Core goods inflation confirmed at 0.4% MoM and 0.6% YoY.
• Core services inflation sees a slightly minor revision to 0.6% MoM and 3.7% YoY from 0.7% MoM and 3.6% YoY in the initial estimate.
• At least half of the deceleration in the headline inflation rate can be attributed to deceleration in services which contributed 1.66 ppts, the lowest contribution since April 2024.