February Inflation Rates Rise Across Europe, Hungary Hits 5.6%

Inflation rates across various regions have shown significant increases in February, driven primarily by rising food prices. In Hungary, annual inflation rose to 5.6%, with food prices surging 7.1% year-on-year, notably due to a 44.3% increase in flour prices. The Consumer Price Index in the euro area also reflected upward pressure, with food prices 3.8% higher than the previous year. In the U.S., analysts anticipate a slight moderation in inflation, projecting a monthly increase of 0.3% while core inflation remains elevated amid ongoing price pressures from tariffs and supply chain issues. The Central Statistical Bureau reported a 3.7% rise in consumer prices in Latvia, with similar trends in food and housing costs influencing the overall increase. Economists suggest that despite these upward trends, the Federal Reserve may keep interest rates steady as they evaluate the broader economic landscape.