Euro Area Inflation Rate Confirmed at -0.1%


Eurozone consumer prices fell 0.1 percent year-on-year in March, slowing from a 0.3 percent drop in February and matching preliminary estimates. Monthly inflation accelerated to 1.1 percent, the highest in two years.

Year-on-year, the largest upward impacts came from restaurants & cafés (+0.11 percentage points), rents (+0.09 pp) and tobacco (+0.07 pp), while fuels for transport (-0.44 pp), heating oil (-0.16 pp) and telecommunications (-0.06 pp) had the biggest downward impacts. 

Annual core inflation rate which excludes prices of energy, food, alcohol and tobacco slowed to 0.6 percent from 0.7 percent in the previous month.

In the European Union, annual inflation was also -0.1 percent in March 2015, up from a revised -0.3 percent in February. The monthly rate increased to 0.9 percent from 0.6 percent in February.

In March 2015, negative annual rates were observed in twelve Member States. The lowest annual rates were registered in Greece (-1.9 percent), Cyprus (-1.4 percent), Poland (-1.2 percent), Bulgaria and Lithuania (both -1.1 percent). The highest annual rates were recorded in Austria (0.9 percent), Romania (0.8 percent) and Sweden (0.7 percent). Compared with February 2015, annual inflation fell in three Member States, remained stable in three and rose in twenty-two.

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2015 10:17:18 AM