Euro zone inflation unexpectedly eases, boosting rate cut case
- Food inflation decreased to 2.7% from 3.9%, while energy prices dropped by 1.8%, per Eurostat.
- Core inflation, excluding food and energy costs, lowered to 2.9% from 3.1% in February.
- These data were released by the European Union's statistics agency on Wednesday.
93 Articles
93 Articles
Roundup: Eurozone inflation further cools in March
BRUSSELS, April 3 (Xinhua) -- The Eurozone saw its annual rate of inflation drop more than expected in March, marking a third consecutive month of decline, sparking optimism for a potential European Central Bank (ECB) interest rate cut in June. Read full story
![TASS [🇷🇺-affiliated]](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2F1c364c1e553231a17f22d4a16db85a51fb715dd3.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
The year-on-year inflation rate in the eurozone fell from 2.6% in February to 2.4% in March, according to Eurostat. How did the inflation rate evolve in Portugal? Listen to the new episode of Economy Day by Day, Expresso's daily podcast, hosted by Juliana Simões
According to Eurostat, the food segment, measured alongside tobacco and beverages, recorded a 2.7% year-on-year increase in March, clearly below the 3.9% it had shown in February. The so-called underlying inflation – which excludes energy and food – also continued to decline and closed at 2.9%, down from 3.1% in February and 3.3% in January. The European Central Bank maintains interest rates unchanged Industrial goods, for their part, showed a 1…
The inflation rate in the euro area has fallen further.
Coverage Details
Bias Distribution
- 44% of the sources lean Left
![TASS [🇷🇺-affiliated]](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2F1c364c1e553231a17f22d4a16db85a51fb715dd3.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
