Inflation in European countries using the euro dropped again to 6.9 per cent in March, while energy prices fell the cost of food continued to rise.
Europe’s inflation eases as energy falls but food up
Inflation in the 20 countries using the euro slowed to 6.9 per cent in March – the lowest level in a year.
Food costs are still on the rise but energy prices have fallen, making a sharp turnaround after months of punishing increases.
Consumer prices in the eurozone dropped from the 8.5 per cent recorded in February, according to data released on Friday by the European Union’s statistics agency Eurostat.
Inflation has dropped to its lowest level in a year since since peaking at 10.6 per cent in October.