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Eurozone inflation slows thanks to falling oil and food prices

Falling Food and oil prices keep eurozone inflation down

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Eurozone inflation slows thanks to falling oil and food prices

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Eurozone inflation slowed more than expected dragged down by stable energy prices.

Inflation in the 19 country euro is 1.5 percent down from 2.0 in February.

Core inflation, which excludes volatile prices of energy and unprocessed food, also dropped to 0.7 percent year-on-year in March from 0.9 percent in February below market expectations.

Prices for food, alcohol and tobacco went up by 1.8 percent in March, from a 2.5 percent increase recorded the previous month.

In the services sector, the largest in the euro zone economy, prices rose by 1.0 percent in March.