Eurozone inflation slowed in March to 1.4%

In March, annual inflation in the eurozone was 1.4%, slowing down from 1.5% in February, Eurostat data showed, confirming economists' forecasts. Consumer price growth compared with the previous month was at 1%. The annual inflation rate, which does not take into account the prices of energy, food and alcohol, was 0.8%, which also coincided with the estimates of economists. Food, alcohol and tobacco products rose in price by 1.8% in annual terms. In March, there was also an increase in the cost of energy by 5.3% and services by 1.1%. EU countries recorded the same inflation rate in March as in February – 1.6%. Compared to February, consumer price growth was 0.8%. Portugal showed the lowest annual inflation rate – 0.8%, as well as Greece – 1%. The highest inflation growth was observed in Romania – by 4.2%, and in Hungary – by 3.8%.

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