Year-on-year inflation declined in February for the third straight month to 8.5% in the euro area and 9.9% in the European Union (EU), according to data released this Friday by Eurostat.
In the euro area, the European Statistical Office confirms the rapid estimate of 8.5%, compared to 8.6% in January and 5.9% in February 2022.
In the EU, the annual inflation rate was 9.9% in February, compared to 10.0% in the previous month and 6.2% in the same period.
This is the third straight decline after 17 consecutive months of rising inflation.
In the Eurozone, core inflation (excluding energy and food) was 5.6% in February, while energy price growth slowed to 13.7% (18.9% in January and 32.0% in February 2022) and prices food, alcohol and tobacco accelerated to 15.4% from 15.4% in January and 3.5% in February 2022.
Among Member States, year-on-year inflation, as measured by the Harmonized Consumer Price Index (HICP, the measure used for European comparisons), declined from January in 15 Member States, remained stable in two, and increased in another ten. .
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 IPHC-measured annual inflation rate was 8.6%, stable compared to January and above 4.4% in February 2022.
Author: Portuguese
Source: CM Jornal
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