April 3 (Reuters) – Inflation in the euro zone slowed more than expected in March, according to preliminary data published on Wednesday by Eurostat.
The consumer price index calculated according to European standards (HICP) increased by 2.4% year-on-year last month in the 20 countries sharing the European currency, after 2.6% in February.
The Reuters consensus expected an increase of 2.6%.
Excluding the most volatile items such as unprocessed food products and energy, inflation slowed to 3.1% in March after 3.3% the previous month, and a consensus of 3.2%.
Read also…
A narrower measure of price rises, which excludes food, energy, alcohol and tobacco, fell to 2.9% from 3.1% in February.
The consensus was expecting an increase of 3.0%. (Written by Corentin Chappron, edited by Blandine Hénault)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.