Annual inflation down in EU and Euro zone

Annual inflation down in EU and Euro zone

Based on the data published by EU statistics institution Eurostat, the annual inflation rate in Euro zone fell to 1.6% in the month of February, from the 1.9% level in January. The rate a year earlier was 2.4%. Moreover, annual inflation rate in the EU was down to 1.5% in February from 1.8% of January data. According to figures released by Eurostat, member countries which indicated the highest inflation rates for February are; Greece with 2.6%, Italy and Luxembourg with 2.4% for each, whereas the lowest rates were seen in Sweden with 0.2%, Finland with 0.4% and Denmark with 0.7%. Apart from the figures above, annual inflation in Switzerland fell from 0.2% in January to 0.1% in February.