Annual inflation rate in Greece fell to 6.5% in February from 7.3% in January, Eurostat said in its flash estimate on inflation trends.
In a report released in Brussels, Eurostat said the annual inflation rate in the Eurozone was expected to ease slightly to 8.5% in February from 8.6% in January, reflecting prices increases in food, alcohol and tobacco (15% and 14.1%, respectively), followed by energy (13.7% from 18.9% in January) and non-energy industrial goods (6.8% from 6.7% in January).
Consumer price index in the services sector rose 4.8% in February from 4.4% in January.
Latvia (20.1%), Estonia (17.8%) and Lithuania (17.2%) recorded the biggest inflation rates, while Luxembourg (4.8%), Belgium (5.5%), Spain (6.1%) and Greece (6.5%) had the lowest rates.
PS if inflation keeps falling, why food prices keep increasing?
“PS if inflation keeps falling, why food prices keep increasing?”
Due to extra large porky pies. Another one – “the Station Master done it”. SHAME on all of them.