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17 Apr 2015
Eurozone CPI confirmed at -0.1% year-on-year in March
FXStreet (Mumbai) - As per the data released by Eurostat the Eurozone annual CPI was -0.1% in March 2015, up from -0.3% in February. The actual figure was in line with the consensus estimate of -0.1%.
The Eurostat release shows the largest upward impacts to euro area annual inflation 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.
Month-on-month, the Eurozone CPI rebounded as expected to 1.1% in March from 0.6% in February. The Core inflation remained unchanged as expected at 0.6% year-on-year.
The Eurostat release shows the largest upward impacts to euro area annual inflation 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.
Month-on-month, the Eurozone CPI rebounded as expected to 1.1% in March from 0.6% in February. The Core inflation remained unchanged as expected at 0.6% year-on-year.