Inflation in Europe slowed down more than expected: what countries did the worst data

Inflation in Europe slowed down more than expected: what countries did the worst data

In terms of contribution, the services led the price increase, followed by food, alcohol and tobacco, non -energy industrial goods and energy.

Gentileness: El Confidencial

The Inflation in the euro zone It dropped to 2.3% in February, driven by the deceleration of energy. The inflation rate in the Eurozone stood in February at 2.3%, marking a two tenth reduction compared to 2.5% recorded in January and below the expected 2.4%. This moderation It was mainly influenced by the slightest increase in energyaccording to Eurostat, the European Union Statistics Office (EU).

Inflation in the euro zone: what happened in each sector

In terms of contribution, the services led the price increase, followed by food, alcohol and tobacco, non -energy industrial goods and energy.

  • Services: They rose 3.7%, two tenths less than in January.
  • Energy: It barely increased 0.2%, compared to 1.9% of the previous month.
  • Non -energy industrial goods: 0.6%increased, one tenth more than in January.
  • Processed foods, alcohol and tobacco: They maintained a 2.6%growth.
  • Without processing: They registered a 3% rise, accelerating from 1.4% of the previous month.

On the other hand, core inflation, which excludes food and energy, remained stable in 2.6%.

IBEX BAGS EUROPE MARKETS.JPG

At the European Union level, annual inflation was 2.7%

At the European Union level, annual inflation was 2.7%

At the European Union level, Annual inflation was 2.7%, just a tenth less than in January. The countries with the lowest inflation rates were:

  • France: 0.9%
  • Ireland: 1.4%
  • Finland: 1.5%

In contrast, the highest rates were recorded in:

  • Hungary: 5.7%
  • Romania: 5.2%
  • Estonia: 5.1%

Among the main economies of the euro zoneGermany saw a slight reduction of its CPI to 2.6% (-0.2 pp), while in Spain it remained at 2.9%. Italy registered 1.7%, and France experienced the greatest fall, with a reduction of nine tenths to 0.9%.

Source: Ambito

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