The European Statistical Office (Eurostat) published the Eurozone‘s leading inflation data for March.
According to the data, annual inflation in the Eurozone, which was 2.6 percent in February, was determined at 2.4 percent in March. CPI increased by 0.8 percent on a monthly basis in March.
Market expectations were for annual inflation in the Eurozone to be 2.5 percent in March.
Analyzing the main components of inflation, the highest annual price increase was realized in services with 4 percent. The services sector was followed by food, alcohol and tobacco products with 2.7 percent and non-energy industrial products with 1.1 percent, while prices of energy products decreased by 1.8 percent.
Core inflation in the Eurozone was measured at 2.9 percent annually and 0.9 percent monthly in March.
According to EU harmonized data, inflation was 2.3 percent in Germany, 2.4 percent in France, 1.3 percent in Italy and 3.2 percent in Spain in March.
