In February 2025, the annual inflation rate in the euro area dropped to 2.3%, down from 2.5% in January and 2.6% a year earlier.
Inflation in the European Union (EU) also declined to 2.7%, compared to 2.8% in January, and remained below the 2.8% recorded in February 2024. These figures were reported by Eurostat, the statistical office of the European Union.
Among EU Member States, France (0.9%), Ireland (1.4%), and Finland (1.5%) recorded the lowest annual inflation rates, while Hungary (5.7%), Romania (5.2%), and Estonia (5.1%) reported the highest. Compared to January 2025, inflation declined in 14 EU countries, remained unchanged in six, and increased in seven.
In February 2025, the largest contributor to annual inflation in the euro area was services, adding 1.66 percentage points to the overall rate. Food, alcohol, and tobacco contributed 0.52 percentage points, while non-energy industrial goods and energy accounted for 0.14 percentage points and 0.01 percentage points, respectively.
Source: Eurostat
The dollar index fell to 97.1, its lowest since Feb 2022, on Fed cut bets and Powell’s dovish tone. US PCE fell 0.3%, weakening the dollar against the euro and pound. The euro rose above $1.17, supported by the ceasefire and Germany’s budget plans. The pound climbed above $1.374 on BoE cut signals. The yen held near two-week highs on dollar weakness and firm Japan inflation.
DetailPersonal income in the United States fell by 0.4% in May, equivalent to a $109.6 billion decrease, according to data from the US Bureau of Economic Analysis.
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