Eurozone final core CPI rises 1.0% y/y in March, meets estimates


According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.4% on a yearly basis, confirming the flash estimate. While the core figures steadied at 0.8% versus 0.8% expected.

On a monthly basis, the bloc’s CPI figure for March rose 1.0% versus 1.0% expectations and 0.3% previous while the core CPI numbers arrived at 1.3% versus 0.3% expected and 1.3% last.

Key Details (via Eurostat):

“The lowest annual rates were registered in Portugal (0.8%) and Greece (1.0%). The highest annual rates were recorded in Romania (4.2%), Hungary (3.8%) and the Netherlands (2.9%). Compared with February 2019, annual inflation fell in six Member States, remained stable in two and rose in nineteen.

In March 2019, the highest contribution to the annual euro-area inflation rate came from energy (+0.52 percentage points, pp), followed by services (+0.51 pp), food, alcohol & tobacco (+0.34 pp) and non-energy industrial goods (+0.04 pp).”

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