Eurozone falls back into deflation

The eurozone annual inflation is expected to be -0.2% in February 2016, down from 0.3% in January, according to a flash estimate from Eurostat, the statistical office of the European Union.

The result is below expectations and is the first negative inflation reading since September.

Energy prices were the main factor for the slowdown, but prices in other areas of the economy were also weak.

Food, alcohol & tobacco (0.7%, compared with 1.0% in January), non-energy industrial goods (0.3%, compared with 0.7% in January) and energy (-8.0%, compared with -5.4% in January).

Looking at the main components of eurozone inflation, services is expected to have the highest annual rate in February (1.0%, compared with 1.2% in January).


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