Eurozone inflation decreased from 2.3% to 2% in March, according to CSN News

Wednesday, 2 April 2025, 13:38

After a peak in January, the inflation rate in the European Union is on a downward trajectory in February and in March. Eurostat’s preliminary data, released on Tuesday this past week, shows that prices fell in the eurozone by a 10th of a percent in March. In February they were 2.3%. The price drop in the eurozone was the same as that in Spain. This puts it on par with the average of the euro nations.

When examining the major components of inflation, it is notable that the prices of energy (down 0.7%, from 0.2% in February), and services (3.4% down from 3.7% the month before) have fallen. Non-energy industrial items remained at 0.6% while food, tobacco and alcohol rose two tenths a percentage points from February to 2.9%.

France had the lowest inflation rate (0,9%), followed by Luxembourg (1,5%) and Ireland (1,8%). Estonia, with a 4.3% inflation rate (the highest in the Eurozone), was at the opposite end of the scale. Then, Belgium, Latvia, and Lithuania all had an inflation rate 3.6%.

The eurozone unemployment rate for February was also released on Tuesday. It fell by a tenth percentage point to 6.1%. This means, in absolute terms that 70,000 people have stopped being unemployed across the Eurozone. The unemployment rate in the European Union also decreased, falling to 5.7%. This is a tenth percentage point less than January.

Eurostat reports that Spain has the highest unemployment rate in the eurozone, the EU and is the only country above double digits with a rate 10.4%. Spain is closely followed by Greece, which has an unemployment rate between 8.6% and 7.7%. Poland, Malta and the Czech Republic have the lowest rates of unemployment.