US EditionEuro 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.
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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
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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.
Inflation in the euro area fell from 2.4% in March to 2.6% in February, according to Eurostat data released on Wednesday. This is a lower price rise predicted by analysts, boosting investors' hopes that the European Central Bank (ECB) will lower interest rates as early as June.
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