Eurozone Inflation Falls to 2.3% in February

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.

Lowest and Highest Inflation Rates Among Member States

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.

Key Drivers of Inflation in the Euro Area

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