The eurozone’s economy had to deal with bottlenecks in the last winter month. Despite some signs of a slowdown, experts spotted the green shoots of recovery. According to Eurostat data, inflation in the EU dipped to 2.4% last month.
Headline inflation in the eurozone paused in February as if taking a deep breath before another leap. According to reports from the EU’s statistical office, the annual CPI stood at 2.5% in January. Still, the actual CPI missed the consensus as experts had projected a more significant decline to 2.3%, Trading Economics reported.
Experts have observed that inflation in the EU has remained above the ECB’s medium-term target of 2% for several consecutive months. Analysts say that recent higher CPI rates are due to the temporary drop in energy prices in 2024, which led to artificially lowered annual indicators.
Earlier, Robert Habeck, Germany’s Vice Chancellor, defined Russian energy resources and the Chinese market as "drugs" for the national economy. This statement is fair, as the German economy had long been highly dependent on supplies of cheap Russian gas and oil. Moreover, it relied excessively on the "ever-prosperous" Chinese market. "It suddenly became clear that the German economy was on a doping drug," Habeck added.
