Euro area annual inflation drops to 2.3 percent in February

Brussels – The euro area annual inflation rate was 2.3 percent (pct) in February 2025, down from 2.5 pct in January. A year earlier, the rate was 2.6 pct. European Union annual inflation was 2.7 pct in February 2025, down from 2.8 pct in January. A year earlier, the rate was 2.8%. Eurostat, the statistical office of the European Union, published these figures.

The lowest annual rates were registered in France (0.9 pct), Ireland (1.4 pct), and Finland (1.5 pct). The highest annual rates were recorded in Hungary (5.7 pct), Romania (5.2 pct), and Estonia (5.1 pct). Compared with January 2025, annual inflation fell in fourteen Member States, remained stable in six, and rose in seven.

In February 2025, the highest contribution to the annual euro area inflation rate came from services (+1.66 percentage points, pp), followed by food, alcohol & tobacco (+0.52 pp), non-energy industrial goods (+0.14 pp), and energy (+0.01 pp).