Core annual inflation falls below 3% in March in the Eurozone

(Boursier.com) — Good news for the ECB and consumers. The euro zone’s annual inflation rate is estimated at 2.4% in March, compared to 2.6% in February according to Eurostat’s flash estimate. The consensus was positioned at +2.5%. Looking at the main components of inflation, services are expected to see the highest annual rate (4.0%, stable compared to February), followed by food, alcohol & tobacco (2.7%, compared to 3.9%), industrial goods excluding energy (1.1%, versus +1.6%) and energy (-1.8%, versus -3.7%). Over one month, prices would increase by 0.8%.

Annual ‘core’ inflation would stand at 2.9% compared to +3.1% the previous month and a consensus of 3%.