Euro zone annual inflation rate up to 1.7%

Euro zone annual inflation rate up to 1.7%

As per the data released by EU statistics institution Eurostat, the annual inflation rate in Euro zone rose to 1.7% in March from 1.6% in February. The rate a year earlier was 2.4%. Moreover, annual inflation rate in the EU was stable at 1.5% in March. A year earlier the rate was 2.3%. According to figures published by Eurostat, member countries which indicated the highest annual rates for March are; Greece with 2.9%, Italy with 2.3%, Spain and Portugal with 2.2% for each, whereas the lowest rates were seen in Finland with -0.4%, Denmark and Sweden with 0.4% for each. Apart from the figures above, annual inflation rate in Switzerland fell from 0.1% in February to -0.1% in March while in the US annual inflation rate remained unchanged at 1.7%.