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Euro area's annual inflation may fall to 6.9% in Mar 2023: Eurostat
04 Apr '23
1 min read
Pic: Shutterstock/ catalina.m
Insights
- Euro area's inflation rate is expected to be 6.9 per cent in March 2023, a decrease from 8.5 per cent in February.
- Non-energy industrial goods stood at 6.6 per cent, while energy was at -0.9 per cent, as per the Eurostat.
- In February, the inflation rate was 8.5 per cent, down from 8.6 per cent in January, and up from 5.9 per cent a year ago.
Euro area’s annual inflation is expected to be 6.9 per cent in March 2023, down from 8.5 per cent in February, as per a flash estimate from Eurostat.
Looking at the main components of euro area inflation, non-energy industrial goods stood at 6.6 per cent, compared with 6.8 per cent in February and energy at -0.9 per cent, compared with 13.7 per cent in February, Eurostat, the statistical office of the European Union (EU), said in a press release.
The euro area’s annual inflation rate was 8.5 per cent in February 2023, down from 8.6 per cent in January, while a year earlier, the rate was 5.9 per cent.
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