Brussels: The annual inflation rate in the European Union decreased to 2.7% in February, down from 2.8% in January, as announced by Eurostat on Wednesday. In the euro area, the inflation rate also saw a decline, dropping to 2.3% last month from 2.5% in January, based on official figures.

According to Anadolu Agency, the lowest annual inflation rates were observed in France (0.9%), Ireland (1.4%), and Finland (1.5%). In contrast, the highest rates were recorded in Hungary (5.7%), Romania (5.2%), and Estonia (5.1%). When compared to January 2025, annual inflation fell in fourteen member states, remained steady in six, and increased in seven.

In February 2025, services made the largest contribution to the annual euro area inflation rate, followed by food, alcohol and tobacco, non-energy industrial goods, and energy.