The annual growth rate of the prices of food, tobacco and alcohol products slowed to 4 percent in February

By: Trademagazin Date: 2024. 03. 01. 11:55

Annual inflation in the euro area slowed down less than analysts expected in February, according to the preliminary data presented on Friday by Eurostat, the EU’s statistical office.

In February, the annual inflation was 2.6 percent after January’s 2.8 percent, but the average of analysts’ expectations was 2.5 percent. A year ago in February, they measured 8.5 percent. In a monthly comparison, consumer prices increased by 0.6 percent, a decrease of 0.4 percent was measured in January. Energy prices were 3.7 percent lower than a year earlier in February after a larger 6.1 percent decrease in January