Official figures show that the fall in consumer prices across the 19-country eurozone eased in February, a development that may assuage market concerns that the region is set to suffer a pronounced period of deflation.
Eurostat, the EU's statistics agency, says Monday that annual consumer price inflation in February was minus 0.3 percent, half the rate recorded in January.
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Still, the eurozone has suffered three consecutive monthly declines and getting inflation back toward target remains the European Central Bank's primary policy motive. It's due to start a massive bond-buying program this month as part of a drive to get inflation back toward its target of just below 2 percent.
Separately, Eurostat reported that unemployment across the eurozone fell to 11. 2 percent in January, its lowest level since April 2012.