Eurozone inflation hit another record high in February

By: Trademagazin editor Date: 2022. 03. 17. 11:10

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The eurozone’s annual inflation rate rose to a new record 5.9 percent in February this year from 5.1 percent in January, the European Union’s statistical office Eurostat said on Thursday. Preliminary data released in early March reported lower annual inflation of 5.8 percent.

Euro area inflation close to 6 percent in February

Energy prices continued to rise the most, by 32 percent year-on-year from 28.8 percent in January. This is followed by a 4.2 percent rise in food, alcohol and tobacco prices after 3.5 percent in January. Prices for non-energy industrial products rose 3.1 percent from 2.1 percent in the previous month, and prices for services rose 2.5 percent after 2.3 percent in January. (MTI)