Euro area's annual inflation stands at 8.5%, EU's at 9.9% in Feb 2023

The lowest annual rates were registered in Luxembourg at 4.8 per cent, Belgium at 5.4 per cent, and Spain at 6.0 per cent. The highest annual rates were recorded in Hungary at 25.8 per cent, Latvia at 20.1 per cent, and Czechia at 18.4 per cent, according to figures published by Eurostat, the statistical office of the EU.

Compared with January, annual inflation fell in fifteen member states, remained stable in two, and rose in ten. In February, non-energy industrial goods at 1.74 percentage points (pp) and energy at 1.64 pp were among the groups that largely contributed to the annual euro area inflation rate.

ALCHEMPro News Desk (NB)