Economic Indicators
Eurozone inflation slows by more than expected in March
2023.03.31 05:57
© Reuters.
By Scott Kanowsky
Investing.com — Headline inflation in the Eurozone eased by more than anticipated in March, according to preliminary data on Friday, but accelerated on a monthly basis in a sign of lingering price pressures in the region.
Figures from Eurostat showed that in the currency area rose by 6.9% on an annualized basis, slowing from an increase of 8.5% in February. Economists had predicted the number would come in at 7.1%.
However, inched up by 0.9% from 0.8% in the previous period. Estimates had seen the reading remaining at its February level.
