Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and was driven by the continued slowdown in food inflation. Monthly, CPI rose to 0.8%, up from 0.6% but below the forecast of 0.9%.
Core CPI also declined, with a reading of 2.9% y/y. This was below the February gain of 3.1% and just shy of the market estimate of 3.0%. Core CPI, which is considered more significant than the headline release, has declined for an eighth straight month and dropped to its lowest level since February 2022. Germany’s inflation report
Core CPI also declined, with a reading of 2.9% y/y. This was below the February gain of 3.1% and just shy of the market estimate of 3.0%. Core CPI, which is considered more significant than the headline release, has declined for an eighth straight month and dropped to its lowest level since February 2022. Germany’s inflation report