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Eurozone inflation falls to 0.7% on plunging energy prices

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AFP Brussels
Last Updated : Mar 31 2020 | 4:32 PM IST

Inflation in the eurozone fell in March, official data showed on Tuesday, reflecting a major drop in energy prices as oil demand plummeted because of the coronavirus outbreak.

The inflation rate was 0.7 per cent in March, according to the EU's Eurostat, compared to 1.2 per cent in February, falling even further below the European Central Bank's target of near two per cent.

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First Published: Mar 31 2020 | 4:32 PM IST

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