Inflation Inflation rate in the eurozone falls slightly
Inflation rose for several months, but is now falling. Energy and services, for example, are no longer becoming as expensive. However, this does not apply to one important price group.
03.03.2025, 12:27
SDA
Inflation in the eurozone fell slightly in February. Consumer prices were 2.4 percent higher than in February 2024, according to an initial estimate released by the statistics office Eurostat in Luxembourg on Monday. In January, the inflation rate was still at 2.5 percent.
Inflation had previously risen for four months in a row. Economists had forecast an average fall to 2.3 percent for February. Compared to the previous month, consumer prices rose by 0.5 percent in February.
The rise in prices was mainly due to lower price pressure in the energy sector. Here, the inflation rate fell from 1.9% in the previous month to just 0.2%. In the important services sector, the rate fell from 3.9 percent to 3.7 percent. By contrast, food inflation rose to 2.7 percent, 0.4 percentage points higher than in January.
The European Central Bank (ECB) is aiming for an inflation rate of two percent in the medium term. In January, the ECB reduced its key interest rates by 0.25 percentage points. Another rate cut is expected this Thursday.
