Investing.com - Consumer price inflation in the euro zone eased to the lowest level since June 2010 in March, preliminary data showed on Wednesday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 1.7% in March, easing from February’s 1.8% reading.
Analysts had expected CPI to ease to 1.6% last month.
The rate stands below the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD dipping 0.02% to trade at 1.2816.
Meanwhile, European stock markets held on to mild losses. The EURO STOXX 50 dipped 0.4%, France’s CAC 40 declined 0.3%, London’s FTSE 100 eased down 0.3%, while Germany's DAX shed 0.2%.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 1.7% in March, easing from February’s 1.8% reading.
Analysts had expected CPI to ease to 1.6% last month.
The rate stands below the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD dipping 0.02% to trade at 1.2816.
Meanwhile, European stock markets held on to mild losses. The EURO STOXX 50 dipped 0.4%, France’s CAC 40 declined 0.3%, London’s FTSE 100 eased down 0.3%, while Germany's DAX shed 0.2%.