(Boursier.com) — No surprises regarding European inflation. The euro zone’s annual inflation rate is confirmed at 2.6% in February, compared to 2.8% in January. The lowest annual rates were observed in Latvia, Denmark (0.6% each) and Italy (0.8%), details Eurostat. The highest annual rates were recorded in Romania (7.1%), Croatia (4.8%) and Estonia (4.4%). Compared to January, annual inflation fell in twenty Member States, remained stable in five and increased in two others.
In February the largest contributions to the euro zone’s annual inflation rate came from services (+1.73 percentage points, pp), followed by food, alcohol & tobacco (+0.79 pp), goods industrial excluding energy (+0.42 pp) and energy (-0.36 pp). Sequentially, the price increase is confirmed at +0.6%.
Annual ‘core’ inflation is confirmed at +3.1% after +3.3% in January.
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