Eurozone HICP inflation revised higher to unchanged

The final report released by Eurostat on monthly Eurozone inflation revised March harmonized figure higher to 0.0% from the initial estimate of 0.1% drop. Core HICP was left unrevised at 1.00% y/y.

Official report says, “the largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.12 percentage points), package holidays (+0.09 pp) and rents (+0.07 pp), while fuels for transport (-0.60 pp), heating oil (-0.23 pp) and gas (-0.10 pp) had the biggest downward impacts.”

Compared with February 2016, annual inflation fell in eleven member States, remained stable in seven and rose in nine.