Eurozone inflation eased more than expected to the lowest level in more than a year in March driven by the fall in energy prices but the core figure edged up to a new record to keep the pressure on the European Central Bank to tighten its policy further.
Consumer prices advanced 6.9 percent on a yearly basis in March, slower than the 8.5 percent rise in February, flash estimate published by Eurostat showed Friday. Prices were expected to climb 7.1 percent.
This was the weakest inflation rate since February 2022 when prices rose 5.9 percent.
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by Renju Jaya
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