Euro Area Inflation Rate Confirmed at -0.3%

Consumer prices in Euro Area declined by 0.3 percent in February, compared to a 0.6 percent fall in the previous month and matching preliminary estimates. Yet, core inflation edged up due to higher rent cost.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.12 percentage points), rents (+0.11 pp) and tobacco (+0.07 pp), while fuels for transport (-0.64 pp), heating oil (-0.19 pp) and telecommunications (-0.06 pp) had the biggest downward impacts. 

Core inflation rate, which excludes energy, food, alcohol & tobacco rose 0.7 percent, compared to 0.6 percent in January. 

In the European Union the inflation rate was -0.2 percent.  In February 2015, negative annual rates were observed in twenty Member States. The lowest annual rates were registered in Greece (-1.9 percent), Bulgaria (-1.7 percent) and Lithuania (-1.5 percent). Positive annual rates were recorded in Sweden (0.7 percent), Malta (0.6 percent), Austria (0.5 percent), Romania (0.4 percent) and Italy (0.1 percent). 

On a monthly basis, consumer prices in the Euro Area increased 0.6 percent. 

Euro Area Inflation Rate Confirmed at -0.3%

Eurostat | Joana Taborda |
3/17/2015 12:35:50 PM