The European Statistics Office released today, Wednesday, the final reading of the annual consumer price index in the eurozone for the month of March.
The consumer price index in the euro area increased by 0.9% in March 2023 compared to the month before February 2023, and the rise is the largest increase in the past five months.
On an annual basis, the reading came in line with the preliminary reading issued more than two weeks ago, and the data showed that the annual inflation for the region increased by 6.9% during the month of March, which is lower than the previous reading, which recorded a growth of 8.5% last February.
The data also indicated that core annual inflation accelerated last month to 5.7% from 5.6%.
The highest annual inflation rate in the eurozone was recorded last March 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%). ).
This article was originally published by RT.