Inflation on the rise in February. Portuguese inflation rate 4th lowest at EU level
The inflation rate in the eurozone accelerated by 1.5% in February, and by 1.6% in the EU. Portugal registered the fourth lowest inflation rate, at 0.9%.
The annual inflation rate accelerated in February at the EU level, at a rate of about 1.5%. In terms of the eurozone, annual inflation increased by 1.5%, whereas inflation accelerated by 1.6% in the whole of the EU, according to the Eurostat. The European statistics office also showed that the growth of Portugal’s annual inflation rate was one of the lowest registered at the EU level, standing at 0.9%.
According to the Eurostat, eurozone’s inflation went up from 1.1% in February 2018, to 1.5% in the same month this year. As for the EU, there was a 0.2% year-on-year increase for the month of February, with prices rising by 1.6% in February.
The lowest inflation rates recorded were observed in Ireland (0.7%), Greece, Croatia and Cyprus (all at 0.8%) and Portugal (0.9%). The highest inflation rates, on the other hand, were found in Romania (4%), Hungary (3.2%) and Latvia (2.8%).