BRUSSELS, Apr 01 (AFP): Inflation in the eurozone slowed in March, data showed on Monday, amid worries that the European economy is cooling as the effects of Brexit finally take a toll.
The slowdown of inflation comes as signs are multiplying of slower economic growth, especially in powerhouse Germany and the bloc's second-biggest economy, France.
The rise in consumer prices was less than analyst expectations and dipped away from the European Central Bank's target of close to, but just below 2.0 per cent.
Closely tracked core inflation, which strips out volatile energy prices, dropped to 0.8 per cent, in a sign that demand is stalling in Europe.
"The overall picture of bleak core inflation remains," said Bert Colijn, senior economist at ING.
Indications of a weak first quarter for the eurozone mounted as a closely-watched survey pointed last month to March output being dragged further down by manufacturing weakness.
Eurozone inflation slows amid economic cooldown fears
FE Team | Published: April 01, 2019 23:49:54
Eurozone inflation slows amid economic cooldown fears
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