Inflation down in March in the euro zone, Portugal with the lowest rate – The Economic Journal

Inflation down in March in the euro zone, Portugal with the lowest rate - The Economic Journal


The annual rate of inflation in the euro zone declined in March to 1.4%, from 1.5% in February, with a tenth in Portugal falling to 0.8%, the lowest value in the European Union, reveals today or Eurostat.

The data published today by the official statistics office of the European Union show that the rate of inflation in the single currency space declined slightly in March compared to February, but in the same period in March it registered the same value of March 2018, from 1.4% .

Portugal is in line with this trend, as the annual rate of inflation fell from 0.9% in February to 0.8% in March, repeating the value recorded a year earlier, in March 2018.

In the European Union as a whole, the annual inflation rate in March stood at 1.6%, stable in the year-on-year and year-on-year comparisons, since this was the value registered in both last February and March of last year.

Eurostat points out that the lowest annual rates were recorded in Portugal (0.8%) and Greece (1.0%), while the highest were observed in Romania (4.2%), Hungary (3.8% ) and the Netherlands (2.9%).

Against the backdrop of February, annual inflation fell in six Member States, remained stable in two and increased in the remaining 19 (the data published today do not include the United Kingdom).



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