Eurozone inflation falls in March. Portugal has the lowest rate
Price growth in the Eurozone slowed during the month of March. Portugal registered an inflation rate of 0.1%, the lowest in the region.
Inflation in the Eurozone slowed in March, in a month marked by the spread of coronavirus in Europe, forcing countries to take various restrictive measures that paralysed part of economic activity. Portugal registered the lowest inflation rate.
According to Eurostat, the inflation rate in the Eurozone in March was 0.7%, in line with the flash estimate published on March 31st, but below the 1.2% rate registered in February.
In the European Union, the inflation rate stood at 1.2% in March, below the 1.4% in February. Eurostat says annual inflation fell in 26 member states and rose in only one compared to the previous month.
Portugal recorded an inflation rate of 0.1%, the lowest in the entire region. Also Italy, Spain (the two countries most punished by the coronavirus) saw a rate of 0.1%.
Hungary and Poland were the countries where prices grew the most, with inflation rates of 3.9% in both cases. In the Czech Republic the inflation rate was 3.6%, the third highest.
