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Annual inflation rate drops slightly in Cyprus and the eurozone in February according to Eurostat flash estimates

Euro area annual inflation is expected to be 8.5% in February 2023, down from 8.6% in January according to a flash estimate from Eurostat, the statistical office of the European Union.In Cyprus, annual inflation is estimated at 6.7% in February, down f…
March 2, 2023

Euro area annual inflation is expected to be 8.5% in February 2023, down from 8.6% in January according to a flash estimate from Eurostat, the statistical office of the European Union.

In Cyprus, annual inflation is estimated at 6.7% in February, down from 6.8% in January.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in February (15.0%, compared with 14.1% in January), followed by energy (13.7%, compared with 18.9% in January), non-energy industrial goods (6.8%, compared with 6.7% in January) and services (4.8%, compared with 4.4% in January).

Source: Cyprus News Agency

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