Inflation rate falls to 2.4% in Portugal and in the Eurozone in February.

Inflation rate drops 0.1 percentage points in February.

In the Eurozone, the annual inflation rate slowed to 2.4% in February. According to Notícias ao Minuto, Eurostat "expects the services sector to have the highest year-on-year rate in February (3.7%, compared to 3.9% in January), followed by food, alcohol, and tobacco (2.7%, up from 2.3% in January), non-energy industrial goods (0.6%, compared to 0.5% in January), and energy (0.2%, down from 1.9% in January)".

Regarding core inflation, which excludes more volatile items like alcohol and processed food, it was 2.6% in February (having been 2.7% in January and 3.1% in the same month last year). 

The Eurozone countries with the highest year-on-year inflation rates, measured by the Harmonized Index of Consumer Prices (HICP), in February were recorded in Estonia (5.0%), Croatia (4.7%) and Belgium (4.4%). The lowest rates were recorded in France (0.9%), Ireland (1.3%) and Finland.

In Portugal, the inflation rate also dropped to 2.4%, according to data from the National Institute of Statistics (INE) shared on Notícias ao Minuto.

The year-over-year change rate of the Consumer Price Index (CPI) was 0.1 percentage points lower compared to January.  

"The core inflation indicator (total index excluding unprocessed food and energy products) registered a variation of 2.4% (2.7% in the previous month). The variation of the index for energy products decreased to 1.5% (2.4% in the previous month) and the variation of the index for unprocessed food products increased to 2.4% (1.8% in January 2025)," reads the news article.

The IPC had an average variation in the last 12 months of 2.5% (2.4% in the previous month). And the Portuguese Harmonized Index of Consumer Prices (IHPC), a year-on-year variation of 2.4% (2.7% in the previous month).

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