Falling Food and oil prices keep eurozone inflation down
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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.
Eurozone inflation slows in March https://t.co/4qcbXD3XtH #news #worldnews pic.twitter.com/VNT5pDaSx1
— News Of Europe ✉️ (@OfEurope) March 31, 2017
Prices for food, alcohol and tobacco went up by 1.8 percent in March, from a 2.5 percent increase recorded the previous month.
The Eurozone still remains unstable. Here's what we know https://t.co/0ur0Op62kj #Europe pic.twitter.com/3tOjVXubsK
— World Economic Forum (@wef) March 30, 2017
In the services sector, the largest in the euro zone economy, prices rose by 1.0 percent in March.
