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March 15, 2019EU AND EURO AREA CONSUMER PRICE INFLATION, FEBRUARY 2019 In February, the year-over-year inflation rate was 1.6 per cent in the European Union and 1.5 per cent in the Euro Area.
Among member states, the fastest year-over-year inflation was reported in Romania and Hungary, while the lowest inflation was reported in Ireland, Greece, Croatia and Cyprus.
February 2019 food price inflation ticked up to 1.9 per cent (year-over-year) in the Euro Area and to 2.1 per cent in the European Union.
Energy inflation rose slightly with the year-over-year inflation rate at 3.2 per cent in the European Union and 3.6 per cent in the Euro Area.
Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation is more subdued in Europe - rising by 1.2 per cent for the European Union and by 1.0 per cent for the Euro Area.
Note, Methodological changes was made to data starting in 2015, so the year-over-year inflation rates calculated between 2015 and 2014 are based on different methodologies for the HICP. For more information, please see Eurostat, Improved calculation of HICP special aggregates and German package holidays methodological change.
Source: Eurostat-News Release
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