Eurozone inflation falls sharply to 1.8% in Feb: data

Inflation in the 17-nation eurozone fell sharply in February to 1.8 percent, putting it well below the European Central Bank's target rate for the first time in more than two years, official data showed Friday.

In January, the inflation rate was 2.0 percent. The last time inflation was below this level was in November 2010 when it hit 1.9 percent.