Prices in the EU's fourth-largest economy increased for the fifth consecutive month in February, compared to the previous year. View on euronews
(CN) — Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.5% in the eurozone in January and 2.8% in the broader European Union.
Irish inflation moderated to 1.3 per cent in February, down from 1.7 per cent the previous month, according to the latest flash estimate for the harmonised index of consumer prices (HICP).
Headline inflation across the euro area was confirmed at a six-month high of 2.5 per cent in January ahead of next week’s European Central Bank (ECB) policy meeting. The latest Eurostat figures show price growth across the single currency bloc rose from 2.4 per cent to 2.5 per cent last month, slightly disappointing expectations.