Eurozone inflation has fallen sharply to its lowest level for a year after a decline in energy costs.
Harmonised consumer prices in the euro area rose year-on-year by 6.9 per cent for March, down from 8.5 per cent the previous month, to reach their lowest level since February 2022.
The drop, due to a 0.9 per cent fall in energy prices, was steeper than a forecast by economists polled by Reuters, who had expected March eurozone inflation of 7.1 per cent.
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