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Eurozone inflation drops to 2.4% in 'positive surprise'
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Core inflation also fell from February's figure of 3.1% to an annual rate of 2.9%. Services had the highest annual rate at 4%, unchanged from February. Food, alcohol and tobacco (2.7%), non-energy industrial goods (1.1%) and energy (-1.8%) all saw a decrease in annual inflation rates compared to February. Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints Michael Field, European market strategist at Morningstar, said markets expected a flat reading for headline inflation for March, so the decrease is a «positive surprise». However, he said core inflation w...
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Read more on investmentweek.co.ukAbout this in other media
Inflation accelerates more than expected in March as high prices persist foxbusiness.com /7 months ago
March inflation seen easing to 4.9%: Mint poll livemint.com /7 months ago
Stock market today: Asian markets are mixed after a slow day on Wall St ahead of US inflation update abcnews.go.com /7 months ago
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