The report is termed a "flash estimate," which is a preliminary figure with "no detailed breakdown" available. However, the figure has been spot on, exactly anticipating the inflation rate in 18 times over the past two years. It has not been off by more than 0.1 percentage points in that time.
The estimate covers the 17 nations that share the euro as currency. The region includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
In February, annual price inflation was 2.7 percent, Eurostat said.