In February, inflation in Europe set a record

Inflation in Europe continues unabated and in February reached a record 5.8%, 0.7 percentage points higher than that registered in January with 5.1%, according to the monthly report of the European statistics agency, Eurostat.

According to the agency, the upward trend in energy prices does not allow inflation to subside, presenting an annual growth rate of up to 31.7%, compared to 28.7% in January.

Food, alcohol and tobacco rose 4.1% compared to 3.5% in January; non-energy industrial goods increased to 3% compared to 2.1% and services reached 2.5% compared to 2.3 percent.

The European continent now lives with an aggravated reality in the face of the intense mobilization of resources to support Ukraine, which is suffering from a military invasion by Russia.

It is estimated that practically a third of the natural gas used in Europe comes from Russia, and the new scenario makes Europe’s need to find an alternative that also allows it to reduce costs more urgent.

The rise in energy prices ends up exerting pressure on consumer prices in the food segment.

Among the main economies of the euro zone, Eurostat recorded an increase in inflation of 5.5% in Germany (5.1% in January) and 4.1% in France (3.3% in January).

Spain registered 7.5% compared to 6.2% in January. On Monday, the National Institute of Statistics of that country announced a record of 7.4%, the highest in 30 years.

Inflation in Lithuania is estimated at 13.9% and Estonia 12.4%, the two countries with the strongest increase.

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