The European Union’s battle against rising prices shows promising signs as consumer price growth slowed to 2.5% in March, down from February’s 2.7%, according to the latest Eurostat report.
In a parallel development, the Czech Republic continues to demonstrate economic resilience, with inflation dropping slightly to 2.7%, positioning it as the best performer among its Visegrád Four neighbors. Slovakia registered 4.2%, Poland 4.4%, and Hungary topped the group at 4.8%.
The eurozone painted an even more optimistic picture, with inflation easing to 2.2% from February’s 2.3%, inching closer to the European Central Bank’s coveted 2% target. The ECB, having already implemented six quarter-point rate cuts since last June, is expected to announce another reduction in interest rates on Thursday to further stimulate economic growth.
Across the EU landscape, France emerged as the inflation champion, recording a mere 0.9% increase, while Romania faced the steepest price rises at 5.1%.