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Eurozone CPI slows to 2.4% in Mar, core down to 2.9%, below expectations

Eurozone headline CPI slowed from 2.6% yoy to 2.4% yoy in March, below expectation of 2.5% yoy. CPI core (ex energy, food, alcohol & tobacco) slowed from 3.1% yoy to 2.9% yoy, below expectation of 3.0% yoy.

Looking at the main components services is expected to have the highest annual rate in March (4.0%, stable compared with February), followed by food, alcohol & tobacco (2.7%, down from 3.9%), non-energy industrial goods (1.1%, down from 1.6%) and energy (-1.8%, up from -3.7%).

Full Eurozone CPI flash release here.

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