New record in Eurozone core inflation
The Consumer Price Index (CPI) in the Euro Zone increased by 0.9 percent month on month and 6.9 percent year on year in March.
The European Statistics Office (Eurostat) has released the Eurozone’s leading inflation data for March.
Accordingly, annual inflation in the Eurozone, which was 8.5 percent in February, was 6.9 percent in March. Market expectations were for annual inflation in the euro area to be 7.1 percent in March.
In the Euro Zone, CPI increased by 0.9 percent in March compared to the previous month.
The median expectation in the Bloomberg survey was 1.1 percent monthly and 7.1 percent annually.
Looking at the main components of inflation, the highest annual inflation was 15.4 percent in food, alcohol and tobacco products. While food was followed by non-energy industrial products with 6.6 percent and services with 5 percent, energy products decreased by 0.9 percent.
According to EU-compliant data, inflation was 17.3 percent in Latvia, 15.6 percent in Estonia, 15.2 percent in Lithuania, 14.8 percent in Slovakia, 10.5 percent in Croatia, and Slovenia. 10.4 percent in Austria, 9.2 percent in Austria, 8.2 percent in Italy, 8 percent in Portugal, 7.8 percent in Germany, 7 percent in Ireland and Malta, 6 percent in Finland, 8, 6.6 percent in France, 6 percent in the Greek Cypriot Administration, 5.4 percent in Greece, 4.9 percent in Belgium, 4.5 percent in the Netherlands, 3.1 percent in Spain , and Luxembourg at 3 percent.
