Eurozone March Inflation Revised Up To Zero

Euro area consumer prices were unchanged in March after a decline in the previous month, revised data from Eurostat showed Thursday.

The consumer price index showed no change from the same month a year ago, following a 0.2 percent drop in February. Headline inflation initially reported for March was a 0.1 percent fall, a second straight decline.

Headline inflation has been below the European Central Bank's target of 'below, but close to 2 percent' since early 2013.

Compared to the previous month, consumer prices rose 1.2 percent.

The core inflation that excludes energy and fresh food prices accelerated to 1 percent from 0.8 percent in the previous month. The figures were unchanged from the preliminary estimate.

Energy prices tumbled 8.7 percent annually in March after an 8.1 percent slump in the previous month.

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