Is Europe's inflation monster taking its last gasp?

Some soothsayers in the eurozone reckon the ECB is set to reach a policy turning point soon

A still-stubborn 3.1% core inflation measure presents grounds for caution for the ECB.

European Central Bank (ECB) officials confronting faster-than-expected inflation might also wonder if this is just the last stumble before their 2% target looms large.

While the 2.6% outcome for February released on Friday — and a still-stubborn 3.1% result for the so-called core measure — present grounds for caution, the downward momentum in consumer prices is getting harder to ignore.