Inflation soared to 5.9% in February against just 0.9% last year
© Getty Images / Bet_Noire
February consumer price inflation in Europe accelerated by 5.9% compared to last year’s 0.9% per annum, marking the fastest annual jump on record, Eurostat statistics agency said on Thursday.
The indicator rose sharply from 5.1% in January. Prices spiked most in Lithuania (14.0%), Estonia (11.6%) and the Czech Republic (10.0%). The lowest annual price rise rates were registered in Malta and France (both 4.2%), and Portugal, Finland, and Sweden (all 4.4%). According to the agency’s data, inflation fell in only two EU member states, while spiking in 25.
The highest spikes were recorded in the energy sector, followed by services, food, alcohol, tobacco, and non-energy industrial goods.