Consumer prices in the euro area increased faster in March, according to an initial estimate. This was confirmed by Eurostat’s final figures on Friday.
Consumer prices rose by 1.3 percent year-on-year in March, in line with an earlier estimate. In February it was 0.9%, as in January. However, in the last months of 2020, prices continued to fall. In March 2020, inflation was 0.7%. On a monthly basis, prices increased by 0.9 percent in March 2021.
Core inflation, a key indicator for the ECB, was 0.9% year-on-year in March. On a monthly basis, core prices increased by 1.0 percent. Core prices rose by 1.1 percent year-on-year in February.
