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Eurozone February inflation rate confirmed in February 1.5%

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Staff Writer | Friday March 15, 2019 8:51AM ET
Europe GDP
Europe   Services inflation eased to 1.4 percent in February from 1.6 percent in January

The annual inflation rate in the Euro Area came in at 1.5 percent in February 2019, unchanged from the preliminary estimate and slightly above January's nine-month low of 1.4 percent.


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Prices rose at a faster pace for energy (3.6 percent vs 2.7 percent in January); food, alcohol & tobacco (2.3 percent vs 1.8 percent), of which processed food, alcohol & tobacco (2.1 percent vs 1.8 percent) and unprocessed food (2.9 percent vs 1.8 percent); and non-energy industrial goods (0.4 percent vs 0.3 percent).

Services inflation eased to 1.4 percent in February from 1.6 percent in January.

Among Eurozone's largest economies, the highest annual rate was registered in Germany (1.7 percent), followed by France (1.6 percent), Spain (1.1 percent) and Italy (1.1 percent).

Annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, eased to 1 percent in February from 1.1 percent in January.

On a monthly basis, consumer prices rose 0.3 percent, as widely expected, due to increases in cost of energy (0.6 percent), services (0.4 percent) and food, alcohol & tobacco (0.3 percent) while non-energy industrial goods prices were flat.

 

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