The annual inflation rate in the euro zone slowed to 2,4% in March, confirmed today by Eurostat, which reports a slowdown to 2,6% in the European Union (EU).
For euro area countries, the European statistical service confirms the quick estimate of a slowdown in the annual inflation rate to 2,4%, for the third consecutive month, compared to 6,9% in March 2023 and the 2,6nd. XNUMX% from February this year (chain).
On average across the 27 Member States, the inflation rate was 2,6%, which compares with the same rate of 8,3% and 2,8% in the previous month.
The lowest inflation rates – measured by the Harmonized Index of Consumer Prices (HICP, which allows comparisons between Member States) – were recorded in Lithuania (0,4%), Finland (0,6%) and Denmark (0,8. XNUMX%).
The highest inflation rates were observed in Romania (6,7%), Croatia (4,9%), Austria and Estonia (4,1% each).
Compared to February, the indicator slowed down in 13 Member States, remained stable in four and increased in the other ten.
In Portugal, the annual inflation rate, measured by the HIPC, was 2,6% in March, above the 2,3% recorded in February, but registering a strong decline when compared to the 8,0% in March 2023.
The European Central Bank has set a 2% target for inflation in the medium term.
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