EU February Inflation Edges Up to 3.0% Y/Y, 0.5% M/M

EU February Inflation Edges Up to 3.0% Y/Y, 0.5% M/M

EU average annual inflation stood at 3.0% in February, slightly up from 2.9% in the previous month, Eurostat figures showed.

On a monthly basis, the average inflation in EU inched up by 0.5 percentage points.

According to Eurostat, the main drivers of inflation across the union were increasing prices of transport fuel, gas and heating oil.

Bulgaria's annual inflation last month was 2%. In Greece the annual inflation was 1.7%, among the lowest in the EU, and the 12-month average rate was 2.7%. Cyprus posted a 3.1% annual inflation last month, while the 12-month average inflation was 3.5%.

In February, the lowest annual rates among EU member states were registered in Sweden (1%), Greece (1.7%) and Spain (1.9%), and the highest were seen in Hungary (5.8%), Estonia and Poland (both 4.4%).

Compared with January, the annual inflation fell in nine EU member states, remained stable in five and rose in 11.

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