Singular Bank: According to Eurostat’s final reading, in March the year-on-year rate of change of the Eurozone’s headline CPI moderated slightly to 2.2% (compared to 2.3% in February), its lowest since November 2024. This year-on-year increase was mainly explained by the contribution of services (up 1.56pp), followed by food, alcohol and tobacco (0.57pp) and non-energy industrial goods (0.16pp), in contrast to the negative contribution of energy (down 0.10pp).
In a situation in which, in monthly terms, the prices of the shopping basket in the European monetary bloc accelerated their growth to 0.6% (against 0.4% in February). For its part, the underlying inflation rate (excluding food and energy) moderated to 2.5% year-on-year, after standing at 2.6% in February.
