Inflation in eurozone down for March
Monday, March 31, 2014
ANKARA - Inflation in the eurozone is expected to fall to 0.5 percent in March -- the lowest rate since November 2009 and below the European Central Bank's 2 percent target, according to Eurostat, the statistical office for the European Union.
It is a drop of 1.3 percent compared with the same month in 2013 and a drop of 0.2 percent compared with February 2014 and the sixth consecutive month that the rate of inflation will be under 1 percent.
Services in the common currency area are expected to register the highest inflation rate at 1.1. percent for March followed by food, alcohol & tobacco with an expected inflation rate of 1 percent.
The eurozone consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, the Greek Cypriot administration, Latvia, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
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