Euro-zone Feb. annual inflation up 2.4% *PIC*

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Euro-zone Feb. annual inflation up 2.4% (by William L. Watts)

LONDON (MarketWatch) -- Inflation in the euro zone rose at a 2.4% annual rate in February, up from 2.3% in January, the European Union statistics agency Eurostat reported Tuesday in a preliminary estimate. The reading was in line with expectations. The European Central Bank's target is near but just below 2%. Separately, the unemployment rate in the euro zone slipped to 9.9% in January from 10% in December, Eurostat reported. Economists had forecast the jobless rate to hold steady at 10%.

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Euro-zone Feb. annual inflation up 2.4% *PIC*

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