Gold prices fall as geopolitical tensions ease; U.S. CPI looms
Investing.com -- The latest data from Eurostat on Wednesday reveals a dip in Eurozone inflation to 2.2% last month, a slight decrease from February’s 2.3%.
This figure is also lower compared to the same period last year when the rate was 2.4%.
Inflation across the European Union also saw a decrease in March 2025, falling to 2.5% from 2.7% in February. This rate is slightly lower than the previous year’s figure of 2.6%.
The data shows varying inflation rates across different member states. The lowest annual rates were observed in France (0.9%), Denmark (1.4%), and Luxembourg (1.5%).
On the other hand, the highest annual rates were recorded in Romania (5.1%), Hungary (4.8%), and Poland (4.4%).
In comparison to February last year, annual inflation rates fell in sixteen member states, remained the same in one, and rose in ten.
The largest contribution to the annual euro area inflation rate came from services, which increased by 1.56 percentage points.
This was followed by food, alcohol, and tobacco (+0.57pp), non-energy industrial goods (+0.16pp), and energy (-0.10pp).
Meanwhile, in the U.K., inflation in March was lower than anticipated, giving the Bank of England room to potentially reduce interest rates once again next month.
Annual consumer price inflation in the U.K. rose by 2.6% in March, falling below February’s 2.8%, but still exceeding the U.K. central bank’s medium-term target of 2.0%.
The monthly rate in March increased by 0.3%, which was lower than February’s 0.4%.
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