Euro Annual Inflation 0.7 Percent in February

Euro area1 annual inflation was 0.7% in February 2014, down from 0.8% in January. A year earlier the rate was 1.8%. Monthly inflation was 0.3% in February 2014.

European Union annual inflation was 0.8% in February 2014, down from 0.9% in January. A year earlier the rate was 2.0%. Monthly inflation was 0.3% in February 2014.

These figures come from Eurostat, the statistical office of the European Union.

In February 2014, negative annual rates were observed in Bulgaria (-2.1%), Cyprus (-1.3%), Greece (-0.9%), Croatia (-0.2%), Portugal and Slovakia (both -0.1%). The highest annual rates were recorded in Malta and Finland (both 1.6%) and Austria (1.5%).

Compared with January 2014, annual inflation fell in seventeen Member States, remained stable in three and rose in seven. The lowest 12 month average rates up to February 2014 were registered in Greece (-1.1%), Bulgaria (-0.3%) and Cyprus (-0.2%), and the highest in Estonia (2.8%), Romania (2.6%), the Netherlands and Finland (both 2.1%).

via EuroStat

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza