European inflation eases to 2.6% as energy prices fall

European inflation eases to 2.6% as energy prices fall
European inflation is now far below its peak of 10.6% in October 2022 (Alamy/PA)

The inflation that has ravaged the European economy eased again in February, falling to 2.6% 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 with 2.8% from January, the European Union’s statistical agency Eurostat said on Friday.

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