Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
Euro headline inflation increases due to energy, but core inflation remains weak
• According to the final estimate published by Eurostat1, euro area headline HICP inflation increased to ‐0.1% yoy in March 2015, from ‐0.3% yoy and ‐0.6% yoy in February and January, respectively (Figure 1). The main reason was the recent pickup in the energy price component, which increased by
1.7% on the month, as well as an improvement in food inflation. The lowest annual inflation rates were registered in Greece (‐1.9% yoy) and Cyprus (‐1.4% yoy), while the highest were recorded in Austria (0.9% yoy) and Romania (0.8% yoy).
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GLOBAL FOCUS NOTE_APRIL 17_HICP
