facebook
twitter
rss
account
search
search
 

Inflation rate holds at 0.8 percent in eurozone

Feb. 28, 2014 at 8:37 AM   |   Comments

BRUSSELS, Feb. 28 (UPI) -- The eurozone's annual inflation rate held at 0.8 percent this month, Eurostat, the European Commission's data agency, said Friday.

Inflation came in unchanged from January in what is termed a flash estimate that could be revised in the next data release..

Low inflation, a sign of a stagnant economy, has caused widespread concern in Europe. The European Central Bank's target for a healthy inflation rate is 2 percent.

Eurostat said food, alcohol and tobacco prices in February rose at a 1.5 percent annual rate while energy prices were down 2.2 percent.

Non-energy industrial goods prices were up 0.6 percent and prices of services were rising at an annual rate of 1.3 percent.

Core prices, which exclude data for foods and energy, were up 1 percent, Eurostat said.

© 2014 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
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback