He Eurozone Consumer Price Index (CPI) published by Eurostat has stood at 2.4% in the preliminary annual reading for March, moderating from 2.6% in February. This is the lowest inflation figure in four months. Furthermore, the indicator has improved market expectations, as the CPI was expected to remain at 2.6%. Monthly inflation has risen 0.8%, exceeding the previous 0.6%.
He Core CPI has fallen two tenths year-on-year, falling to 2.9% from 3.1% previously and improving on the 3% consensus estimate. This is the eighth consecutive month of falls for the indicator, which reaches its lowest level since February 2022. On a monthly basis, inflation excluding food and energy has grown by 1.1%, up from 0.7% in February.
The Eurozone has also published the February unemployment ratewhich has remained in the 6.5% since the January figure has been revised upward from 6.4% to 6.5%. The figure is above the 6.4% expected.
Euro reaction
The Euro has reacted to the improvement in annual headline and underlying inflation data with a very slight decline. EUR/USD has fallen to 1.0767, and is trading at the time of writing above 1.0768, virtually flat on the day.
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.
