Eurozone inflation up 0.3%

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Eurozone annual inflation figures improved in February, with inflation rising to -0.3%, compared to -0.6% the previous month, according to the latest Eurostat data.

Price levels are still significantly behind those of the previous year, when annual inflation was at 0.7%.

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

Average price levels were driven up by restaurants and café prices, which increased by 0.12%, and by rents, wich increased by 0.11%. At the same time, fuel for transport (-0.64%), heating oil (-0.19) and telecommunications (-0.6%) had the biggest downwards impact.

 

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