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Eurozone economy feels chill of Covid-19 as inflation rate falls

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Economist Jessica Hinds

Economist Jessica Hinds

Economist Jessica Hinds

A drop in inflation in the eurozone last month thanks to lower energy prices marked the first measurable impact on the bloc's economies from the deadly coronavirus outbreak.

Data from Eurostat issued yesterday showed that in the eurozone as a whole, inflation was expected to fall to 1.2pc in February from 1.4pc in January, and to register a decline to 0.9pc here from the prior month's 1.1pc.

Energy prices fell by a sizeable 1.6pc in February.