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March euro zone deflation eases
31 Mar 2015 16:04
Deflation in the euro zone persisted in March but the rate of decline slowed, further easing concerns that the economy faces a dangerous spiral of falling consumer prices.
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Prices in the 19-nation euro zone were down 0.1% in March, less than the drop of 0.3% in February with low energy costs still impacting the cost of living, the EU statistics agency Eurostat said.
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Prices had slumped 0.6% in January.
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As in previous months, the decline was mainly driven by a steep fall in the prices of energy, which was 5.8% cheaper in March than a year earlier.
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Core inflation, which excludes the volatile components of energy and unprocessed food costs, was 0.6% year-on-year, down from 0.7% in February and the same as in January.
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