Categories:Europe,Investments

Eurozone inflation estimated at 2.6%

  • Print
  • Comment

Euro area annual inflation is expected to come in slightly lower in March than in February with the latest flash estimate put at 2.6%.

In February, inflation for the euro area was 2.7%, according to the European Union’s statistical office, Eurostat.

This latest estimate is still above the European Central Bank’s official target of 2% but represents a small decline from February’s 2.7% figure and is the first time inflation has come down since December.

A 3% inflation rate in November gave way to 2.7% in December where it has remained until today’s flash estimate.

Last month’s inflation figure was supported by low rates in Greece, Spain and Sweden.

Earlier this month, the UK’s Office for National Statistics announced that inflation had dropped to 3.4%.

  • Print
  • Comment

Daily Email Updates

If you enjoyed this article, sign up to receive the latest breaking news and analysis for your industry from Fund Web.

The Money Marketing CPD Centre

Time spent reading about technical or regulatory issues can build your annual CPD hours. Log and plan your annual CPD for free with The Money Marketing CPD Centre.



Have your say Edit my profile/screen name

You must sign in to make a comment

Fund Data



Poll

Following the Financial Services Consumer Panel’s damning report into fund charges what do you think the solution is?