Annual inflation in the eurozone fell to 2.4 percent

(Patria) - In March of the current year, inflation in the eurozone fell to 2.4 percent, which is a greater easing than economists expected, writes Eurostat.

Inflation rates varied among the largest economies of the eurozone, with Germany recording a rate of 2.3 percent, France 2.4 percent, and Italy 1.3 percent.

Among the eurozone member states, Croatia (4.9 percent), Austria (4.2 percent), Estonia (4.1 percent), and Belgium (3.8 percent) had the highest annual inflation rates, while Lithuania (0.3 percent), Finland (0.7 percent), and Latvia (one percent) had the lowest.

Looking at the main components of inflation in the eurozone, services had the highest annual rate in March (four percent), followed by food, alcohol, and tobacco (2.7 percent) and non-energy industrial goods (1.1 percent).

Eurostat also announced that the unemployment rate in the eurozone in February was 6.5 percent, reflecting a slight improvement from 6.6 percent in the same month of the previous year.