Euro zone inflation unexpectedly slows to 2.4% in March, with core print also below forecast

-


Two women hold an umbrella while sitting at an outdoor table of a cafe on April 01, 2024 in Rome, Italy. 

Emanuele Cremaschi | Getty Images News | Getty Images

Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published on Wednesday.

Economists polled by Reuters had expected the rate to hold steady against the previous month at 2.6%.

The core rate, excluding energy, food, alcohol and tobacco cooled from 3.1% to 2.9%, also coming in below expectations.

Inflation in services, a key watcher for the European Central Bank, came in at 4% for a fifth straight month.

Price rises in in France and Spain came in lower than expected last week. On Tuesday, headline inflation in the bloc’s biggest economy, Germany, was estimated at a three-year low of 2.2%.

This is a breaking news story and will be updated shortly.



Source link

Latest news

If You Take Your At-Home Work Setup Seriously, You Need a Laptop Docking Station

Other Laptop Docking Stations to ConsiderWe test a lot of laptop docking stations and, quite frankly, most of...

My Favorite Floodlight Security Camera Is on Sale for Prime Day

There are tons of great home security deals this Prime Day, but my favorite floodlight security camera shines...

The iPad Is the Tablet to Buy, and It’s Under $300 Right Now

iPads have long been the best tablets, and right now, for Amazon Prime Day, you can get Apple's...

5 Big EV Takeaways From Trump’s ‘One Big Beautiful Bill’

If you’re an electric vehicle enthusiast, President Donald Trump and congressional Republicans’ One Big Beautiful Bill (OBBB) is...

Tornado Cash Made Crypto Anonymous. Now One of Its Creators Faces Trial

A large portion of the trial, legal experts say, will focus on whether Storm intended for Tornado Cash...

100 Best Deals Under $100 This Prime Day—It Ends Tonight

Prime Day can be overwhelming, especially when trying to find more affordable items to fill your shopping cart...

Must read

You might also likeRELATED
Recommended to you