Year-on-year, prices rose less for fuels for transport (13.1 percent from 16.7 percent in February), heating oil (20.8 percent from 30 percent) and vegetables (5.8 percent from 16.2 percent). In addition, prices fell faster for telecommunication (-1.4 percent from -1.1 percent) and declined for package holidays (-3.9 percent). In contrast, prices of garments rebounded (0.4 percent from -0.1 percent).
By country, the highest annual rates were recorded in Latvia (3.3 percent from 3.2 percent), Lithuania (3.2 percent, the same as in February) and Estonia (3 percent from 3.4 percent in February). Inflation eased in Germany (1.5 percent from 2.2 percent), Italy (1.4 percent from 1.6 percent) and Spain (2.1 percent from 3 percent) and was steady in France (1.4 percent).
Excluding energy, food, alcohol and tobacco, consumer prices increased 0.7 percent, below 0.9 percent in each of the previous three months and the lowest since April of 2016. Excluding energy only, inflation also slowed to 0.9 percent from 1.2 percent in February.
The monthly inflation rate was 0.8 percent, compared to 0.4 percent in February.
Considering the European Union, prices rose 0.6 percent on the month (0.3 percent in February) and 1.6 percent on the year (2 percent in February).