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Eurozone inflation falls to +2.6% y/y in February, +0.8% in Italy From

Eurozone inflation falls to +2.6% y/y in February, +0.8% in Italy From

© Reuters – Annual inflation in the euro zone was 2.6% in February 2024, down from 2.8% in January. A year ago, the rate was 8.5%. This was revealed by Eurostat, the European Union's statistical office, confirming the initial estimate.

Fast data was also confirmed on a monthly basis: +0.6% in February. As for core inflation, which excludes more volatile energy and food prices, the index on an annual basis reached 3.1% in February, down from 3.3% in January.

Expanding our gaze to the European Union, the annual inflation rate in February was 2.8%, compared to 3.1% in January. Here, a year ago, the rate was 9.9%.

The inflation rate in Italy on an annual basis is 0.8%.

The lowest annual rates are those in Latvia and Denmark (both 0.6%) and Italy (0.8%). The highest CPI was recorded in Romania (7.1%), Croatia (4.8%) and Estonia (4.4%). Compared to January, annual inflation decreased in twenty member states, remained stable in five countries and increased in two countries.

In February, the largest contribution to the euro area's annual inflation rate came from services (+1.73%), followed by food, alcohol and tobacco (+0.79%), non-energy industrial goods (+0.42%) and energy (-0.36). %).

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