Analytics, EU – Baltic States, Inflation
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 16:14
Deflation was registered in 20 EU member states in February
Consumer prices, year-on-year, remained unchanged in Denmark as well.
Meanwhile, deflation was registered in 20 member states, while five member states recorded inflation.
The largest deflation level was registered in Greece – 1.9%, followed by Bulgaria – 1.7%, and Lithuania – 1.5%.
Inflation was registered in Sweden – by 0.7%, Malta – 0.6%, Austria – 0.5%, Romania – 0.4%, and Italy – 0.1%. Compared with January 2015, annual inflation fell in 6 member-states, remained stable in four and rose in seventeen.
Annual deflation in Estonia in February was at 0.2%.
Deflation in the eurozone was down to 0.3% in February, compared to 0.6% in January.
Meanwhile, the EU registered 0.2% deflation in February, compared to 0.5% in January. A year earlier the rate was 0.8%.
The largest upward impacts to euro area annual inflation came from restaurants & cafes (+0.12%age 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.