Eurozone | Services and core inflation increased, pushed by Germany

Inflation increased by 0.1 pp to -0.1% YoY in March, due to the significant rise of services prices, which resulted in an increase of core inflation to 0.9% YoY. Beyond the volatility of services prices during the last two months, we still expect subdued and stable core inflation, while oil prices will keep negative annual inflation rates until summer

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