The price index to the consumer in the euro area is expected this month to fall 0.2%, according to projections released Monday by Eurostat, after in January the prices in the region have advanced 0.3%.
in a note on inflation in the euro zone, Eurostat shows that the negative behavior of prices is mainly affected by the energy component, which shows a decrease of 8% compared to the price levels of a year ago.
this decline in energy prices (which happens after the oil price reached in minimum January over a decade) is the sharpest since October 2015, when this line showed, according to Eurostat, a decrease of 8.5% year on year.
the other components of the harmonized index of consumer prices (used to measure inflation or deflation in the economy) have positive changes. According to Eurostat, prices in services in February grew by 1% compared to 2015.
According to the same source, there are also variations in high in other elements of the basket of prices, including food, alcohol and tobacco (0.7%) and industrial goods (0.3%). In both cases, however, the annual price variation is lower than in January.
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