Inflation in the eurozone slowed in March to 1.4%

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Eurostat released preliminary data on core inflation in the Eurozone in March, according to which consumer prices increased 1.4% in annual terms. Compared to the February price increase of 1.5%, inflation slowed down last month, although analysts did not expect changes in its value. Only the rise in energy prices showed acceleration in March - up to 5.3% from 3.6% a month earlier. The inflation rate, which does not take into account the cost of energy and food, was 1%, also slowing down from the February value of 1.2%. Sabine Lautenschlager, a member of the board of the European Central Bank, said that the Central Bank now expects that it will take more time to reach the target inflation rate of close to 2%.

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