Monthly inflation rate in EU countries February 2020

The statistic shows the inflation rate in the EU countries in February 2020. Inflation or currency devaluation (drop in the value of money), is characterized by a steady rise in the prices of finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the indexes current level of inflation. In February 2020, the inflation rate in Latvia was at 2.3 percent compared to the same month of the previous year.
The overall EU GDP (gross domestic product), an important indicator of a country's well-being, amounted to approximately 14 million around the same time.