Inflation in the Eurozone Decreased to 6.9%

Across the Eurozone, the pace of consumer price growth has slowed. In particular, in March the annual inflation level was 6.9%, in February this figure was 8.5%.

As for core inflation (CPI), which excludes food and energy prices, the figure rose 0.1 percentage point to 5.7%, indicating that the rate of price growth in the general economy is still maintaining.

We remind you that in December inflation was 9.2%; in November – it was 10.1%; And in October, the annual inflation rate was 10.6%, which was a record high rate.

The more than expected decrease in annual inflation in March is due to global oil and gas prices, and the price of natural gas is especially important, which has significantly decreased in one month.