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Five-Month High: Eurozone Consumer Prices See Largest Increase on Record

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

The European Statistical Office published today, Wednesday, the final data of the annual consumer price index in the eurozone for March.

The euro area consumer price index increased by 0.9% in March 2023 compared to the month before February 2023, and this increase was the largest in the last five months.

On an annualized basis, the readings were in line with preliminary readings released more than two weeks ago, and the data showed that annual inflation in the region increased by 6.9% during March, lower than the previous reading. which recorded an increase of 8.5% in February last year.

The data also showed core annual inflation accelerated last month to 5.7% from 5.6%.

The highest annual inflation rate in the eurozone was recorded in March last year in Hungary (25.6%), Latvia (17.2%) and the Czech Republic (16.5%), while the lowest level was recorded in Luxembourg (2.9 %), Spain (3.1%). ) and the Netherlands (4.5%).

Source: Prime

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