Eurozone – inflation fell to 2.4% in the first quarter compared to 2.6% from the norm. However, it grew by 0.8% during the month

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According to Eurostat, inflation in the euro area slowed down to 2.4% between years compared to the norm of 2.6%. In a month-on-month comparison, inflation grew by 0.8%.

The service sector was the most affected by the increase in prices, with an interannual shift of 4% (the same as in Norway). In the month-on-month comparison, prices rose by 0.7%.

The prices of food, alcohol and tobacco products rose by 2.7% on average compared to 3.9% in Norway. In the month-on-month comparison, prices rose by 0.1%.

Prices of industrial goods rose by 1.1% compared to 1.6% from the norm. In the month-on-month comparison, prices rose by 1.9%.

Energy prices fell by 1.8% compared to -3.7% in the previous month. In the month-on-month comparison, prices fell by 0.3%.

Excluding the effect of volatile prices of energy, food, alcohol and tobacco, the core of the economy in the Eurozone grew by 2.9% year-on-year compared to 3.1% in the previous year. In the month-on-month comparison, the sloka core grew by 1.1%.

Of the individual eurozone countries, Croatia (+4.9%), Austria (+4.2%) and Estonia (+4.1%) had the highest inflation.

The lowest price growth was recorded in Latvia (+0.3%), Finland (+0.7%) and Lithuania (+1%).

In the month-on-month period, inflation fell significantly only in Latvia (-0.1%). Portugal posted a high growth of 2.3% in the month-to-month comparison.



Eurozone-inflation-fell-to-24-in-the-fir

Vladimr Urbnek

In the field” for more than 20 years. After several years of experience from trading with valuable peppers, Vladimr Urbnek for the past 15 years, he has been devoting himself to reporting from domestic and foreign capital markets.

He considers the age to be the result of experience and ability compared to the time before the last major crisis in 2008-9.

The article is in Czech

Tags: Eurozone inflation fell quarter compared norm grew month

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