Eurozone: Inflation falls in March
April 1, 2019
According to a preliminary estimate released by Eurostat on 1 April, harmonized inflation inched down to 1.4% in March from February’s 1.5%. The result is below the European Central Bank’s target rate of near, but under, 2.0%. March’s reading reflected lower price pressures from food, alcohol and tobacco products along with services.
Core inflation, which excludes out volatile energy and unprocessed foods prices, is also estimated to have fallen, coming in at 1.0% in March (February: 1.2%).
A complete set of data for harmonized inflation will be released 17 April.