Eurozone Inflation Rate Hits 2% In February


Consumer prices in the Euro Area increased by 2 percent year-on-year in February 2017, following an 1.8 percent rise in the previous month and in line with market expectations, the preliminary estimate showed. It was the highest inflation rate since January 2013, on a surge in energy prices.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in February (9.2 percent, compared with 8.1 percent in January), followed by food, alcohol and tobacco (2.5 percent, compared with 1.8 percent in January), services (1.3 percent, compared with 1.2 percent in January) and non-energy industrial goods (0.2 percent, compared with 0.5 percent in January).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and at which the ECB looks in its policy decisions, was stable at 0.9 percent.

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/2/2017 10:22:47 AM