The pace of consumer price inflation in the euro area slowed in February
Annual inflation in the euro zone fell slightly less than analysts had expected in February, according to preliminary data released by the European Union’s statistical office, Eurostat, on Monday.
The annual inflation rate in the euro zone fell to 2.4 percent in February, from a six-month high of 2.5 percent in January, based on the harmonized index of consumer prices (HICP), calculated for EU comparison purposes. Analysts had previously expected a figure of 2.3 percent in February.
A year earlier, in February 2024, the annual increase in the euro zone consumer price index was 2.6 percent.
On a monthly basis, the price index rose by 0.5 percent in February after a monthly decrease of 0.3 percent in January.
According to a statement from Eurostat, energy prices rose by 0.2 percent compared to February last year, after an annual increase of 1.9 percent in January.
Services prices rose the most in February, by 3.7%, after 3.9% in January. Food, alcohol and tobacco prices rose to 2.7%, from 2.3% in the previous month, while the annual rate of increase in non-energy industrial goods prices rose to 0.6% in February, from 0.5% in the previous month.
Annual core inflation in the euro area, excluding energy, food, alcohol and tobacco, fell to 2.6% in February, the lowest since January 2022, from 2.7% in the previous month.
Related news
MNB Director: The central bank expects 4.7 percent annual inflation this year
Inflation is expected to exceed the central bank’s tolerance band…
Read more >There are more questions than answers: what do Eurostat’s latest consumption data about Hungary actually reveal?
Eurostat’s 2024 consumption and economic statistics have been released, and…
Read more >Despite economic recovery, the number of insolvencies has increased in the Central and Eastern European region
The annual insolvency report for Central and Eastern Europe (CEE)…
Read more >Related news
Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >Melon import volume drops by 51 percent
Compared to last year, the volume of melon imports has…
Read more >The Hungarian Product trademark gives companies a sense of community and customers reliable quality
Professional cooperation based on mutual benefits enables businesses to overcome…
Read more >