Euro Area Inflation Rate Revised Up to 0%

Consumer prices in the Eurozone were flat year-on-year in March of 2016, compared to a 0.2 percent decrease in the previous month and preliminary estimates of a 0.1 percent fall, final figures showed. On a monthly basis, consumer prices increased 1.2 percent, the highest in three years.

The largest upward impacts came from restaurants & cafés (+0.12 percentage points), package holidays (+0.09 percentage points) and rents (+0.07 percentage points), while fuels for transport (-0.60 percentage points), heating oil (-0.23 percentage points) and gas (-0.10 percentage points) had the biggest downward impacts. 

European Union annual inflation was 0 percent, compared to a revised 0.1 percent in February. Negative annual rates were observed in fifteen Member States. The lowest annual rates were registered in Romania (-2.4 percent), Cyprus (-2.2 percent) and Bulgaria (-1.9 percent). The highest annual rates were recorded in Belgium (1.6 percent), Sweden (1.2 percent) and Malta (1.0 percent). Compared with February 2016, annual inflation fell in eleven Member States, remained stable in seven and rose in nine.

Core inflation rate which excludes prices of energy, food, alcohol and tobacco accelerated to 1 percent from 0.8 percent in February, in line with preliminary estimates. 

Euro Area Inflation Rate Revised Up to 0%

Eurostat | Joana Taborda |
4/14/2016 10:21:46 AM