Eurozone inflation flat in February

Inflation in the eurozone remained at 2.7% in February, with no change from January, the European Union’s (EU’s) statistical office Eurostat has revealed.

Low rates were reported by Eurostat in EU members Greece, Spain and Sweden, while the highest inflation rates were reported in Estonia, Hungary and Poland.

The EU annual inflation increased to 3% during February, up from 2.9% in January, showing a year-on-year increase of 0.1%.

One of the biggest drivers of inflation annual rates was transport, housing and alcohol and tobacco, with negative rates seen for communications, and low rates from recreation and culture and education.