Eurozone inflation falls back below target in March

Eurozone inflation falls back below target in March

الجمعه 1438/7/3 هـ الموافق 2017/03/31 م واس

London, Rajab 03, 1438, March 31, 2017, SPA — Inflation across the 19-country eurozone fell sharply in March, official figures showed Friday, due to softer underlying price increases and as some of last year’s sharp rise in oil prices dropped out of the annual comparison.
According to AP, the European Union’s statistics agency Eurostat said the annual consumer price inflation rate was 1.5 percent, down from 2 percent in February. That puts inflation back below the European Central Bank’s target of just under 2 percent and may ease the pressure on policymakers to bring an imminent end to their recent stimulus efforts.
Expectations for a sizeable decline in inflation had been anticipated after lower than anticipated German figures for March. But the scale of the fall has prompted some in the markets to suggest that inflation in the eurozone may have peaked for now.
–SPA
14:35 LOCAL TIME 11:35 GMT