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March 16, 2018EU AND EURO AREA CONSUMER PRICE INFLATION, FEBRUARY 2018 Inflation slowed in Europe in the February consumer price index results (compared with prices reported for February 2017). Inflation in the Euro Area slowed to 1.1 per cent while it slowed to 1.3 per cent for the European Union as a whole. Inflation in both Canada and Nova Scotia also slowed in the latest year-over-year results for January.
Among member states, the fastest inflation was reported in Romania, Lithuania, Estonia and the UK (Jan18 vs Jan17). Inflation was mostly slower in countries that use the Euro as their currency, including Malta, Finland, Italy Greece, Portugal and Ireland, though there was slower inflation as well in some countries outside the Euro Area: Denmark, Poland and Croatia.
Over the last year, food and energy prices have contributed to higher inflation in Europe. In the latest results, however, both food and energy price inflation are continuing to slow.
Source: Eurostat
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