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Euro area annual inflation at 0.0%

Thursday, Apr 14 2016
Euro area annual inflation was 0.0% in March 2016, up from -0.2% in February. In March 2015 the rate was -0.1%. European Union annual inflation was also 0.0% in March 2016, up from -0.1% in February. A year earlier the rate 
was -0.1%.  
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.12 percentage points), package holidays (+0.09 pp) and rents (+0.07 pp), while fuels for transport (-0.60 pp), heating oil (-0.23 pp) and gas (-0.10 pp) had the biggest downward impacts.
 
Euro is currently being traded few points below 1.1260 level. Pair is likely to find support around 1.12 handle and resistance above 1.1330 level. Later today, in the US session, Unemployment Claims and CPI figures are scheduled for a release.
More in this category: « Australian Unemployment Rate decreased to 5.7% BoE left interest rates unchanged »

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