The rate of decline slowed in the European Union

The rates of decline slowed in March in the European Union – the Eurostat announced.

According to the data of the EU’s statistical office of consumer prices on an annual basis decreased by 0.1 percent both in the European Union and in the euro zone. In February teh decline in consumer prices was 0.3 percent.

Negative rate was reported in March from 12 member countries. The lowest annual rates were registered in Greece (-1.9 percent) Cyprus (-1.4 percent), Poland (-1.2 percent), Bulgaria and Lithuania (both -1.1 percent).

The highest inflation was in Austria (0.9 percent), Romania (0.8 percent) and in Sweden (0.7 percent). (MTI)