Eurozone CPI was finalized at 0.7% yoy in March, down from February’s 1.2% yoy, half of 1.4% yoy a month ago. The highest contribution to the annual Eurozone inflation rate came from services (+0.60%), followed by food, alcohol & tobacco (+0.46%), non-energy industrial goods (+0.13%) and energy (-0.45%).
EU CPI was finalized at 1.2%, down from February’s 1.6% yoy, also down from 1.6% yoy a year ago. The lowest annual rates were registered in Spain, Italy, Cyprus and Portugal (all 0.1%). The highest annual rates were recorded in Hungary, Poland (both 3.9%) and Czechia (3.6%). Compared with February, annual inflation fell in twenty-six Member States and rose in one.
