04.04.201805:17:00UTC+00Eurozone Inflation Accelerates In March

Eurozone inflation accelerated in March largely on food prices, flash data from Eurostat showed Wednesday.

Inflation rose to 1.4 percent in March from 1.1 percent in February. A similar higher rate was last seen in December.

Inflation continues to stay below the European Central Bank's target of 'below, but close to 2 percent'.

At the same time, core inflation that excludes energy, food, alcohol and tobacco, held steady at 1 percent in March.

Among main components, food, alcohol and tobacco price growth doubled to 2.2 percent from 1 percent in February. Cost of services rose 1.5 percent, faster than February's 1.3 percent increase.

Meanwhile, energy prices climbed at a slower pace of 2 percent after rising 2.1 percent. Similarly, growth in non-energy industrial goods prices eased to 0.2 percent from 0.6 percent.