He Eurozone Consumer Price Index (CPI) moderated to 2.4% in March annual reading from 2.6% in February, as published by Eurostat. The figure is in line with expectations, and marks the lowest inflation level in the region in four months.
Monthly inflation has increased two tenths in March, rising to 0.8% from the previous 0.6%, as expected. This is its biggest rise in a year.
He Interannual core CPI has met expectations and stood at 2.9% from 3.1%, moderating to its lowest level in 25 months, specifically since February 2022. On a monthly basis, the indicator has risen 1.1% from the previous 0.7%, its largest increase in a year.
Euro reaction
The Euro has barely reacted to the Eurozone inflation data, moving at the time of writing in EUR/USD above 1.0637, gaining 0.18% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
