Euro zone inflation March 2024

Two women hold an umbrella as they sit at the outdoor table of a cafe on April 1, 2024 in Rome, Italy.

Emmanuel Cremaschi | Getty Images News | Getty Images

Inflation in the 20-nation euro zone slowed to 2.4% in March, according to flash figures released on Wednesday.

Economists polled by Reuters expected the rate to remain stable from the previous month, at 2.6%.

The underlying rate, excluding energy, food, alcohol and tobacco, fell from 3.1% to 2.9%, also below expectations.

Services inflation, a key observer for the European Central Bank, stood at 4% for a fifth consecutive month.

Price increases in France and Spain were lower than expected last week. On Tuesday, headline inflation in the bloc’s largest economy, Germany, was estimated at 2.2%, its lowest level in three years.

Another ECB indicator published on Wednesday, the euro zone unemployment rate, stood at 6.5% in February, stable compared to January but down compared to 6.6% in February 2023.

This is breaking news and will be updated shortly.


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