Moderation in oil and gas prices, as well as weak growth, have curbed price increases in stores.
Inflation continued to decline in the euro zone in February, falling to 2.6% year-on-year.
Inflation which has ravaged the European economy eased again in February, falling to 2.6%.
Moderation in oil and gas prices, as well as weak growth, have curbed price increases in stores.
Food inflation fell from 5.6% to 4%, providing some relief to people on lower incomes who spend more of their wages on basic necessities than the wealthier.
Eurozone inflation is now well below its peak of 10.6% in October 2022, which was reached after Russia cut most of its natural gas supplies and pushed up oil prices. ‘energy.
However, the objective set by the European Central Bank of inflation at 2% takes time and has not yet been achieved.