Euro Area Inflation Rate Down to 1.8 Percent in February


Euro Area annual inflation was 1.8 percent in February 2013, down from 2.0 percent in January. A year earlier the rate was 2.7 percent. Monthly inflation was 0.4 percent in February 2013. European Union annual inflation was 2.0 percent in February 2013, down from 2.1 percent in January. A year earlier the rate was 2.9 percent.

In February 2013, the lowest annual rates were observed in Greece (0.1 percent), Portugal (0.2 percent) and Latvia (0.3 percent), and the highest in Romania (4.8 percent), Estonia (4.0 percent) and the Netherlands (3.2 percent). Compared with January 2013, annual inflation fell in seventeen Member States, remained stable in three and rose in six. 

The lowest 12-month average rates up to February 2013 were registered in Greece (0.7 percent), Sweden (0.9 percent) and Latvia (1.8 percent), and the highest in Hungary (5.2 percent), Estonia (4.1 percent) and Romania (3.8 percent). 
 
The largest upward impacts to Euro Area annual inflation came from electricity (+0.17 percentage points), fruit and tobacco (+0.07 each), while telecommunications (-0.22), medical & paramedical services (-0.08) and garments (-0.07) had the biggest downward impacts.

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
3/15/2013 10:12:58 AM