Eurozone inflation at 1.9% in February, exceeding forecasts

ISTANBUL

The annual inflation rate was at 1.9% in the euro area in February, up from 1.7% in January, Eurostat's data showed on Tuesday.

The market expectation was at 1.7% for Eurozone inflation for last month.

Services had the highest annual rate in February with 3.4%, followed by food, alcohol and tobacco with 2.6%, and non-energy industrial goods with 0.7%.

Energy prices decreased by 3.2% in the month.

The highest inflation rates were seen in Slovakia with 4%, Croatia with 3.9%, Lithuania with 3.2%.

On a monthly basis, consumer prices went up by 0.7% in the euro area.