Annual Inflation in the Eurozone Reaches 2.6% in February

Brussels The Consumer Price Index (CPI) in the Eurozone was determined at a level of 2.6% on an annual basis in February.

Eurostat, the statistical office of the European Union (EU), published the inflation data for the Eurozone and the EU for February.

According to the data, the annual inflation in the Eurozone decreased from 2.8% in January to 2.6% in February. The CPI in February increased by 0.6% on a monthly basis.

Market expectations were for the annual inflation to be 2.6% and the monthly inflation to be 0.6% in February in the Eurozone. The released data matched market expectations.

In the EU, the annual inflation, which was 3.1% in January, decreased to 2.8% in February. In the EU, the CPI was determined as 0.6% on a monthly basis in February.

Looking at the main components of inflation in the Eurozone, the highest annual inflation was recorded in services with 1.73%. Following services, food, alcohol, and tobacco products with 0.79%, non-energy industrial products with 0.42%, while energy products decreased by 0.36%.

According to harmonized data within the EU, inflation in February was 7.1% in Romania, 4.8% in Croatia, 4.4% in Estonia, and 4.2% in Austria.”

source: prepared by Melisa Beğiç

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