Eurozone inflation slows by more than expected in March

By Scott Kanowsky

Investing.com -- Headline inflation in the Eurozone eased by more than anticipated in March, according to preliminary data on Friday, but accelerated on a monthly basis in a sign of lingering price pressures in the region.

Figures from Eurostat showed that consumer prices in the currency area rose by 6.9% on an annualized basis, slowing from an increase of 8.5% in February. Economists had predicted the number would come in at 7.1%.

However, month-on-month prices inched up by 0.9% from 0.8% in the previous period. Estimates had seen the reading remaining at its February level.

You May Also Be Interested In

• Is China exporting deflation? BoFA weighs in
• ByteDance Prefers TikTok Shutdown in US if Legal Options Fail - Reuters
• AGBA Group Holding (AGBA) selling off into close, down over 17%