{"id":349998,"date":"2024-04-03T11:26:04","date_gmt":"2024-04-03T09:26:04","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/04\/03\/eurozona-inflazione-in-calo-marzo-24\/"},"modified":"2024-04-09T15:42:21","modified_gmt":"2024-04-09T13:42:21","slug":"eurozone-inflation-drops-in-march-2-4-percent","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2024\/04\/03\/eurozone-inflation-drops-in-march-2-4-percent\/","title":{"rendered":"Eurozone, inflation drops in March: 2.4 percent"},"content":{"rendered":"<p>Brussels &#8211; Good news for the eurozone: <strong>in March, inflation is expected to stand at 2.4 percent<\/strong>,<a href=\"https:\/\/www.eunews.it\/en\/2024\/03\/18\/eurozone-eurostat-confirms-estimates-inflation-at-2-6-percent-in-february\/\" target=\"_blank\" rel=\"noopener\"> down 0.2 percentage points from February<\/a>,\u00a0\u00a0according to preliminary data released by\u00a0Eurostat. The March data\u00a0confirm a general months-long trend and bring the Eurozone figure closer to the\u00a0European Central Bank&#8217;s benchmark target of 2 percent.<\/p>\n<p>Looking at the main components of euro area inflation, there was a slowdown in consumer prices for food, alcohol, and tobacco <span class=\"HwtZe\" lang=\"en\"><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\"> (2,7 percent in March, compared to 3.9 in February),<\/span><\/span> and a decline also for <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">non-energy industrial goods (1.1 percent versus 1.6 percent in February). In contrast, the cost for services was stable (4 percent).\u00a0<\/span><\/span><\/span><\/p>\n<p>At the country level, there was a\u00a0<strong>fall in inflation in Germany<\/strong> (from 2.7 percent to 2.3 percent between February and March) and France (from 3.2 percent to 2.4 percent). <strong>On the other hand, in Italy<\/strong>,\u00a0inflation\u00a0is expected to rise from 0.8 percent to 1.3 percent, still below the benchmark target. Moving away instead are Spain (3.2 percent, +0.3 percentage points), the Netherlands (3.1 percent, +0.4 percentage points), and Belgium (3.8 percent, +0.2 percentage points).<\/p>\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/17410466\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<p>ECB President Christine Lagarde will closely monitor\u00a0these data before the April 11\u00a0<a href=\"https:\/\/www.ecb.europa.eu\/ecb\/decisions\/govc\/html\/index.it.html\" target=\"_blank\" rel=\"noopener\">Governing Council<\/a> meeting. While no interest rate cuts are anticipated, Lagarde has hinted that a decision may be taken\u00a0in June when the central bank will have access to more extensive and inclusive information. However, she indicated\u00a0the April data will be\u00a0crucial for the choices that will have to be made to bring inflation back to the desired levels. The varying trends will certainly impact\u00a0the decision.<\/p>\n<p>The full data will be released on April 17 when Eurostat will announce if the preliminary estimates are\u00a0confirmed. They will come out after the ECB&#8217;s\u00a0monetary policy decision meeting, with the central bank still counting on a renewed trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurostat data certify a further 0.2 percentage point reduction and a move closer to the benchmark target. Data useful for the ECB&#8217;s choices<\/p>\n","protected":false},"author":494,"featured_media":254772,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[26106,26105,25828,26107],"class_list":["post-349998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dati-eurostat-en","tag-eurozone-en","tag-inflation-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/349998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=349998"}],"version-history":[{"count":5,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/349998\/revisions"}],"predecessor-version":[{"id":350205,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/349998\/revisions\/350205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/254772"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=349998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=349998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=349998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}