Euro-Zone Inflation Steady

wochit business
February 28, 2014 AT 3:19 AM
Euro-zone inflation was unchanged in February, easing pressure on the European Central Bank to take further action to support the financial system and growth when its governing council meets next Thursday. Consumer prices grew 0.8% in February from a year earlier in the euro zone, the European Union's statistics office Eurostat said Friday, well below the ECB's target of just below 2%. But that was higher than expected, and ECB President Mario Draghi says confidently there is no deflation in the EU.