The inflation that has ravaged the European economy eased again in February, falling to 2.6 per cent as high interest rates, moderating oil and gas prices, and sluggish growth held back price increases in stores.
February’s figure for the 20 countries that use the euro currency compares to 2.8 per cent from January, the European Union’s statistical agency Eurostat said Friday.
Inflation is now far below its peak of 10.6 per cent in October 2022, which it hit after Russia cut off most supplies of natural gas and sent energy prices through the roof.
