Euro Area March Inflation Rate Confirmed at 1.4%

The annual inflation rate in the Euro Area fell to 1.4 percent in March 2019 from 1.5 percent in the previous month, in line with the preliminary estimate and market expectations, final data showed. Prices slowed for food, alcohol & tobacco; services and non-energy industrial goods.

Prices eased for food, alcohol & tobacco (1.8 percent from 2.3 percent in February), namely processed food, alcohol & tobacco (2.0 percent from 2.1 percent) and unprocessed food (1.1 percent from 2.9 percent); non-energy industrial goods (0.1 percent from 0.4 percent); and services (1.1 percent from 1.4 percent). On the other hand, cost of energy rose further (5.3 percent from 3.6 percent).

Among Eurozone's largest economies, the highest annual rate was registered in Germany (1.4 percent), followed by France (1.3 percent), Spain (1.3 percent) and Italy (1.1 percent).

Annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, slowed to 0.8 percent in March from 1.0 percent in February.

On a monthly basis, consumer prices went up 1.0 percent, after a 0.3 percent gain and matching market forecasts. Prices were boosted by non-energy industrial goods (3.0 percent), energy (0.8 percent), and services (0.4 percent) while prices of food, alcohol & tobacco were flat.

Euro Area March Inflation Rate Confirmed at 1.4%

Eurostat | Stefanie Moya |
4/17/2019 9:18:58 AM