The pace of consumer price inflation in the euro area slowed in March

By: Trademagazin Date: 2025. 04. 16. 12:34

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Annual inflation in the euro area fell in March, as previously estimated, according to final figures published by Eurostat, the statistical office of the European Union, on Wednesday.

The annual inflation rate in the euro area fell to 2.2 percent in March, in line with the preliminary estimate, the lowest since November last year, from 2.3 percent in February, based on the Harmonised Index of Consumer Prices (HICP), calculated for EU comparison purposes.

The annual increase in the euro area consumer price index was 2.4 percent in March last year.

Annual inflation in the European Union fell to 2.5 percent in March, from 2.7 percent in February. A year earlier, the rate was 2.6 percent.

On a monthly basis, the euro area price index rose by 0.6 percent in March, in line with the preliminary estimate, after a monthly increase of 0.4 percent in February.

Eurostat said energy prices in the euro area fell by 1.0 percent compared with March last year, after an annual increase of 0.2 percent in February.

Services prices rose the most in March, by 3.5 percent, after 3.7 percent in February. Food, alcohol and tobacco prices rose by 2.9 percent, up from 2.7 percent in the previous month, while non-energy industrial products rose by 0.6 percent year-on-year, unchanged from the previous month.