Following a flash estimate at the end of last
month, Eurozone annual inflation was confirmed at 0.5% in March 2014, down from
0.7% in February. A year earlier the rate was 1.7%. Monthly inflation was 0.9%
in March 2014.
European Union annual inflation was 0.6% in March
2014, down from 0.8% in February. A year earlier the rate was 1.9%. Monthly
inflation was 0.7% in March 2014 - - these figures come from Eurostat, the
statistics office of the European Union.
The official target of the European Central Bank
is "below but close to 2%."
In March 2014, negative annual rates were observed in Bulgaria (-2.0%), Greece
(-1.5%), Cyprus (-0.9%), Portugal and Sweden (both -0.4%), Spain and Slovakia
(both -0.2%) and Croatia (-0.1%). The highest annual rates were recorded in the
United Kingdom (1.6%), Malta and Austria (both 1.4%). Compared with February
2014, annual inflation fell in nineteen member states, remained stable in three
and rose in six.
The largest upward impacts to Eurozone annual inflation came from tobacco and
restaurants & cafés (+0.08 percentage points each) and milk, cheese & eggs
(+0.06), while fuels for transport (-0.24), telecommunications (-0.10) and
heating oil (-0.06) had the biggest downward impacts.
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