FLIY - Eurozone Inflation falls more than expected to 6.9% as energy prices eased
2023-03-31 05:14:06 ET
- The eurozone annual inflation rate slowed to reach 6.9 percent in March, its lowest level since February 2022 and slightly below market consensus of 7.1 percent, a preliminary estimate showed.
- Still, the reading remained well above the European Central Bank's target of 2.0 percent, while the core index, which excludes volatile items such as food and energy, hit a fresh record high of 5.7 percent, putting pressure on policymakers to push on with further rate hikes.
- ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ).
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Eurozone Inflation falls more than expected to 6.9% as energy prices eased