The bank also keeps a close eye on core inflation, which strips out volatile food and energy prices.
That annual figure dropped to 3.1 from 3.3 percent, but it is still significantly above the headline number.
In Spain, the annual rate dropped to 2.9 percent from 3.5 percent in January.
Italy and Latvia had the lowest inflation rates, below 1 percent.
Bottom Line: It’s all about energy prices.
Persons:
” Carsten Brzeski
Organizations:
ING
Locations:
Central, Germany, France, Spain, Italy, Latvia, Austria, Croatia, Estonia