facebook
twitter
rss
account
search
search
 

Inflation eases in Europe

March 15, 2013 at 12:22 PM   |   Comments

| License Photo
BRUSSELS, March 15 (UPI) -- The inflation rate dropped to 1.8 percent in the eurozone and to 2 percent in the larger European Union, official data agency Eurostat said Friday.

Eurostat said inflation slowed from 2 percent in January in the 17-member currency zone known as the eurozone and from 2.1 percent in the 27-member EU.

A year ago, inflation stood at 2.7 percent in the Eurozone and 2.9 percent in the EU, Eurostat said.

The lowest annual rate among EU member states in February was in Greece, with an inflation rate of 0.1 percent. Portugal's rate was 0.2 percent. In Latvia, it was 0.3 percent.

The highest rates were in Romania at 4.8 percent, Estonia at 4 percent and the Netherlands at 3.2 percent.

In the eurozone, the annual inflation rate for all items minus seasonal food and energy was 1.5 percent, down from 1.6 percent in January.

By itself, the inflation rate for energy was steady at 3.9 percent from January to February. For food, alcohol and tobacco, the inflation rate shifted from 3.2 percent in January to 2.7 percent in February.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Verizon will soon let you choose what TV channels you want to pay for Verizon will soon let you choose what TV channels you want to pay for
2
Etsy bans sale of items with Redskins name, imagery Etsy bans sale of items with Redskins name, imagery
3
Meggitt receives $17.7 million Army order for target systems Meggitt receives $17.7 million Army order for target systems
4
Organic food brand at Kroger's to hit $1B in sales Organic food brand at Kroger's to hit $1B in sales
5
Lockheed Martin opens technology center
Trending News
Video
x
Feedback