January 1, 1970
In February, consumer prices matched the 0.3% monthly drop tallied in the previous month. According to the statistical institute, the result was driven by a sharp decline in 7 of the 12 components of the index, with the clothing and footwear and transport components tallying the biggest declines.
Inflation came in at 0.9% in February, which matched January’s reading. February’s print marked the highest reading since June 2013. Meanwhile, harmonized consumer prices (based on the Harmonized Index of Consumer Prices) increased 0.5% in February, coming in below January’s 0.7% figure. Lastly, annual average HICP prices fell 0.3% in February (January: -0.5% year-on-year).