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The Maltese Herald

Eurostat releases flash inflation estimate lower than expected at 2.2%

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by

Maltese Herald
in ,

Ina surprise announcement, Eurostat released a flash estimate of inflation for March lower than expected at 2.2%. The expected figure was 2.3%. Services inflation for March is estimated at 3.4%, lower than the 3.7% figure of February. Food inflation was higher at 2.9% with February food inflation registering 2.7%.

European stock markets climbed upwards following the news release.

Meanwhile the Euro area average unemployment rate went down from 6.2% to 6.1% from February to March. Malta has registered a record low unemployment rate of 2.7%. The EU’s unemployment rate is at 5.7%.

 

 

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One response to “Eurostat releases flash inflation estimate lower than expected at 2.2%”

  1. Inflation in the Euro area going down: ECB interest rate decision later today - The Maltese Herald avatar
    Inflation in the Euro area going down: ECB interest rate decision later today - The Maltese Herald

    […] European Central Bank is currently discussing the interest rate on the backdrop of dropping inflation in the Euro area. The inflation rate increase in percentage terms in the Euro area was at an […]

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