RTTN:Eurozone Inflation Falls More Than Forecast In March
Eurozone inflation slowed more than expected in March, flash estimates published by Eurostat showed Monday.
Inflation fell to 0.5 percent in March from 0.7 percent in February. The rate was forecast to fall to 0.6 percent.
The figure has been staying below the European Central Bank's target of 'below, but close to 2 percent' for the fourteenth consecutive month.
Prices of energy continued its downward trend, while all other components of the harmonized consumer price index increased in March. Food, alcohol and tobacco prices climbed 1 percent and non-energy industrial goods prices rose 0.3 percent. Cost of services gained 1.1 percent, while energy prices fell 2.1 percent.
Core inflation that excludes energy, food, alcohol and tobacco, came in at 0.8 percent, down from 1 percent in February.
