Eurozone Verbraucherpreise

The annual inflation rate in the Eurozone slowed to 2.2% in March 2025 from 2.3% in February, in line with the preliminary estimate. Energy prices resumed their decline, falling 1% after a modest 0.2% increase in the previous month. Meanwhile, inflation slowed slightly for services (3.5% vs 3.7%) and steadied for non-energy industrial goods (at 0.6%) but accelerated for food, alcohol and tobacco (2.9% vs 2.7%). Among the bloc's largest economies, inflation eased in Germany (2.3% vs 2.6%), Spain (2.2% vs 2.9%), the Netherlands (3.4% vs 3.5%), and Belgium (3.6% vs 4.4%), but steadied in France (at 0.9%) and accelerated in Italy (2.1% vs 1.7%). Annual core inflation which excludes prices for energy, food, alcohol & tobacco, eased to 2.4%, the lowest rate since October 2021, from 2.6% in February and also in line with the preliminary figure.