The year-on-year inflation rate moderated in February, for the third consecutive month, to 8.5% in the euro zone and 9.9% in the European Union (EU), according to data released this Friday by Eurostat.
In the euro zone, the European statistical service confirms the value advanced in the quick estimate (8.5%), which compares with 8.6% in January and 5.9% in February 2022.
In the EU, the annual inflation rate was 9.9% in February, compared with 10.0% in the previous month and 6.2% in the same period.
This is the third consecutive setback after 17 months of successive increases in the inflation rate.
In the euro area, underlying inflation (excluding energy and food) was 5.6% in February, slowing down the increase in the prices of the energy component to 13.7% (18.9% in January and 32, 0% in February 2022) and those for food, alcohol and tobacco accelerated to 15.4%, compared to the rate of 15.4% in January and 3.5% in February 2022.
Among Member States, year-on-year inflation measured by the Harmonized Index of Consumer Prices (HICP, the indicator used for comparisons at the European level) fell, compared with January, in 15 Member States, remained stable in two and increased by ten others.
The lowest inflation rates were recorded in Luxembourg (4.8%), Belgium (5.4%) and Spain (6.0%) and the highest in Hungary (25.8%), Latvia (20.1 %) and the Czech Republic (18.4%).
In Portugal, the annual inflation rate, measured by the IPHC, stood at 8.6%, stable compared to January and above the 4.4% of February 2022.
Source: TSF
