Deflation in the eurozone became less shallow in March, according to figures just out.
Consumer prices fell by 0.1%, in comparison to February’s 0.3% fall.
Core prices, which strip out the effects of volatile prices like food and energy, are still in positive territory. They’re up 0.6% year-on-year, after rising 0.7% in February.
Those figures are all pretty much in line with what analysts had expected.
We’ve already seen German inflation for March — the harmonised measure (where the may of measuring it matches other European countries) actually came out of deflation, rising 0.1%.
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