Eurozone Inflation Eases Slightly as Turkey's Inflation Falls Below 40%
Eurozone inflation dipped to 2.4% in February, while Turkey's inflation rate dropped to 39.05%, marking significant economic developments in both regions.
- Eurozone inflation decreased to 2.4% in February 2025 from 2.5% in January, driven by lower energy price pressures.
- Energy sector inflation in the Eurozone fell sharply to 0.2%, while services sector inflation eased slightly to 3.7%.
- Food prices in the Eurozone saw an increase, with inflation rising to 2.7% compared to 2.3% in January.
- Turkey's inflation rate dropped to 39.05% in February, the first time it has fallen below 40% since June 2023, continuing a nine-month decline.
- Independent Turkish economists question official inflation figures, suggesting real inflation may be significantly higher, with some estimates at 79.5%.