We are seeing a decline in inflation in the eurozone

Inflation in the eurozone has fallen. In March, inflation within the eurozone experienced a decline, settling at 2.4%, as reported by the EU statistical agency Eurostat. This figure, while 0.2 points lower than initial estimates, reflects a notable moderation in annual price increases.

Notably, the deceleration in inflation across EU nations is particularly evident within the food sector. Eurostat data reveals a rise in prices for food, alcohol, and tobacco by 2.7%. This marks a significant decrease from the previous month’s 3.9% and January’s 5.6%. Meanwhile, the prices for services have remained relatively stable, holding at 4.0%.

Inflation in the eurozone has fallen. Examining specific countries, Lithuania and Finland report the lowest inflation rates at 0.3% and 0.7%, respectively. Conversely, Croatia and Estonia stand out with the highest rates of price growth, at 4.7% and 4.1% respectively. Germany, a key player in the eurozone, continues to witness a decline in inflation, registering at 2.2% annually in March. The Munich-based institute ifo further forecasts that price growth in Germany will dip below the 2 percent mark by the summer of 2024.

Source: @dwglavnoe