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Eurozone CPI at -0.1% in March

Euro area annual inflation is expected to be -0.1% in March 2016, up from -0.2% in February, according to a flash
estimate from Eurostat, the statistical office of the European Union. This was in line with market expectations.
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UK CPI unchanged in February

The Consumer Prices Index (CPI) rose by 0.3% in the year to February 2016, unchanged from January 2016. Increase by 0.4% was forecasted. This maintains the position seen over the last few months of a rate which is a little above zero.The contributions to change in the CPI rate from the detailed categories were relatively small compared with most months.The largest downward contribution came from the transport sector, from price changes for items such as road passenger transport, second-hand cars and bicycles. Rising food prices, particularly for vegetables, offset this. Read more...

Euro area inflation at -0.2%

Euro area annual inflation was -0.2% in February 2016, down from 0.3% in January 2016. In February 2015 the rate was -0.3%. European Union annual inflation was also -0.2% in February 2016, down from 0.3% in January. A year earlier the rate was -0.3%.
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US CPI down by 0.2% in February

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.2% in February on a seasonally adjusted basis, in line with market forecasts. Over the last 12 months, the all items index increased 1.0% before seasonal adjustment. The energy index continued to decrease and was the major cause of the seasonally adjusted decline in the all items index, more than offsetting increases in the indexes for food and for all items less food and energy. The gasoline index fell sharply, declining 13.0%, and the indexes for fuel oil and electricity also decreased, though the index for natural gas rose. Construction of new homes rose in February to the highest level in five months, but applications for new construction were weak for a third month. Read more...

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