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European Economic News

Eurozone Inflation Accelerates As Estimated In February

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone inflation accelerated, as estimated, at the fastest pace in more than four years in February, final data from Eurostat showed Thursday.

Headline inflation accelerated to 2 percent in February from 1.8 percent in January. The rate came in line with the flash estimate published on March 2. Inflation exceeded the central bank target.

A similar rate was last seen in January 2013 and was the highest since December 2012, when inflation was 2.2 percent.

The European Central Bank targets inflation 'below, but close to 2 percent'.

Month-on-month, consumer prices gained 0.4 percent in February.

Excluding energy, food, alcohol and tobacco prices, core inflation held steady at 0.9 percent in February, matching preliminary estimate.

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