According to Eurostat’s preliminary reading of the report of the Euro zone CPI, the annual figure stood at 1.3% in March, coinciding with market expectations and exceeding the previous 0.9%.
The underlying figures increased 0.9%% year-on-year in March, below expectations of 1.2% and 1.1% seen in February.
Key details (via Eurostat):
“Regarding the main components of inflation in the euro zone, energy is expected to have the highest annual rate in March (4.3%, compared to -1.7% in February), followed by services (1.3%, compared to at 1.2% in February), food, alcohol and tobacco (1.1%, compared to 1.3% in February) and non-energy industrial goods (0.3%, compared to 1.0% in February) ”.
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