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Consumer price decline slows in EU, Croatia follows trend

ZAGREB, March 17 (Hina) - A decline in consumer prices decelerated in February year on year in the European Union, while prices measured by the Harmonised Index of Consumer Prices (HICP) increased month on month, and Croatia followed the trend, according to the latest report from the European Union's statistical office, Eurostat.

The prices measured by HICP went down 0.2% on the year in February in the 28-strong European Union, while in January, they fell by 0.5% y-o-y, Eurostat reported on Tuesday.

In Croatia, consumer prices measured by HICP contracted by 0.4% in February compared with February 2014, after 0.6% drop in January.

Of 20 EU member-states that saw a price drop, Greece, Bulgaria and Lithuania experienced the biggest decreases, -1.9%, -1.7% and -1.5% respectively.

Five EU members saw a yearly price rise, with Sweden being the top performer with + 0.7%.

No changes in consumer prices were registered in Denmark and Latvia in February, while data for Great Britain were unavailable.

Consumer prices rose from January to February by 0.6% in the EU. Croatia's consumer prices in February compared to January went up 0.1%.

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