The lowest level of annual inflation was recorded in Luxembourg (2.9%), Spain (3.1%), the Netherlands (4.5%), Belgium (4.9%) and Greece (5.4%) .
Eurozone annual inflation eased to 6.9% in March 2023 from 8.5% in February, data from Eurostat which were released today.
A year earlier, inflation in the eurozone was 7.4%.
Annual EU inflation was 8.3% in March 2023, up from 9.9% in February. A year earlier, inflation in the EU was 7.8%.
The lowest level of annual inflation was recorded in Luxembourg (2.9%), Spain (3.1%), the Netherlands (4.5%), Belgium (4.9%) and Greece (5.4%) .
The highest annual inflation rates were recorded in Hungary (25.6%), Latvia (17.2%) and the Czech Republic (16.5%). Compared to February, annual inflation fell in twenty-five member states and rose in two.
In Greece annual inflation decreased to 5.4% in March from 6.5% in February and from 8% in March 2022.
In March 2023, the highest contribution to the euro area’s annual inflation rate came from food, alcohol and tobacco (+3.12 percentage points), followed by services (+2.10 pp), non-energy industrial goods (+1.71 p.p.) and energy (-0.05 p.p.).
Source: Skai
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