Eurozone inflation slowed to 2.4% in March, final estimates confirm

The March slowdown in eurozone inflation was confirmed on Wednesday, with consumer price growth matching the 28-month low set last November.

According to the final estimate of the eurozone's harmonised index of consumer prices, released by Eurostat, the annual rate of inflation fell to 2.4% last month – in line with the initial estimate released two weeks ago and matching consensus forecasts.

That was down from 2.6% in February and the lowest level in four months; the last time inflation edged below that level was in July 2021.

Core inflation, which excludes volatile items like food and energy, was confirmed at 2.9% in March, down from 3.1% in February and the lowest rate seen since February 2022.