Eurozone inflation falls to over 1-year low

Eurozone inflation falls to over 1-year low

Consumer prices rise 6.9% from year ago in March, posting slowest pace of gain since last February due to decline in energy costs

By Tuba Ongun

ANKARA (AA) - Eurozone’s annual consumer inflation tumbled to a 13-month low in March following a decline in energy prices, according to flash estimates released on Friday.

Consumer prices increased 6.9% year-on-year in March, the slowest pace of gain since February 2022, Eurostat data showed.

The market forecast was a 7.1% rise after an 8.5% annual gain in February.

Energy prices fell 0.9% on an annual basis in March, after climbing 13.7% in February.

On a monthly basis, the euro area consumer prices index went up by 0.9% in March.

The cost of energy in the single currency zone decreased by 2.2% month-on-month.

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