The annual inflation rate in the eurozone was 6.9 percent in March, marking the fifth straight month of decline.
The European Union on Friday issued early estimates of consumer price hikes for March in the zone's 20 countries.
March's overall year-on-year inflation level of 6.9 percent is a significant drop from the 8.5 percent logged in February.
The figure fell mainly because the growth of energy prices plunged to negative 0.9 percent from 13.7 percent in February.
The growth of food prices was 15.4 percent in March, compared with 15 percent in February.
The index for items excluding energy and food expanded to 5.7 percent, showing that the inflationary trend remains persistent for food and services.
On March 16, the European Central Bank decided to raise interest rates by half a percentage point to coax inflation down before stabilizing the financial system.
Investors are watching closely to see how the central bank will manage to achieve both financial and price stability.
The European Union on Friday issued early estimates of consumer price hikes for March in the zone's 20 countries.
March's overall year-on-year inflation level of 6.9 percent is a significant drop from the 8.5 percent logged in February.
The figure fell mainly because the growth of energy prices plunged to negative 0.9 percent from 13.7 percent in February.
The growth of food prices was 15.4 percent in March, compared with 15 percent in February.
The index for items excluding energy and food expanded to 5.7 percent, showing that the inflationary trend remains persistent for food and services.
On March 16, the European Central Bank decided to raise interest rates by half a percentage point to coax inflation down before stabilizing the financial system.
Investors are watching closely to see how the central bank will manage to achieve both financial and price stability.
Similar Readings (5 items)
Eurozone inflation slows for third month
Eurozone inflation rises to record 7.5 %
Cooling US inflation in June fuels expectations for September rate cuts
US inflation falls to 5% in March
US consumer price index up 4.9% in April, marking slowdown for 10th month
Summary
Eurozone annual inflation rate declined for the fifth consecutive month in March, falling from 8.5% in February to 6.9%. This drop was primarily due to a decrease in energy price growth (-0.9%) and slightly increased food price growth (15.4%). The index for items excluding energy and food expanded
Statistics
161
Words1
Read CountDetails
ID: ed83f0cb-c65b-4857-a24f-e090c01b8f98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230331_32/
Date: March 31, 2023
Created: 2023/04/01 10:09
Updated: 2025/12/09 05:33
Last Read: 2023/04/01 20:00