Eurozone inflation slowed sharply in March while US price increases eased last month as well, official data showed Friday, offering some relief to policymakers.
The data released on both sides of the Atlantic will provide central banks some respite as they carefully balance taming inflation with interest rate rises, against the risks that more hikes could hurt their banking sectors.
Consumer prices rose by 6.9 percent on an annual basis in the eurozone, down from 8.5 percent in February, according to the European Union’s statistics agency.
It is the lowest rate recorded in a year, and a lower figure than analysts expected as well…
