Euro zone inflation stabilizes in 'danger zone'

Euro zone inflation stabilized in what the European Central Bank has called the "danger zone" in February, data showed on Friday, while unemployment remained stuck near record highs ahead of an ECB policy meeting next week. The European Union's statistics office Eurostat estimated that consumer prices in the 18 countries sharing the euro rose 0.8 percent year-on-year this month. ECB President Mario Draghi has warned of the risk of inflation getting stuck in a danger zone below 1 percent, but said again on Thursday that there was clearly no deflation.

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