This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Eurozone Inflation Down For Third Month Running

BRUSSELS (AP) â¿¿ Inflation across the 17 European Union countries that use the euro fell for the third month running in March to its lowest level in nearly three years, official figures showed Wednesday.

Eurostat, the EU's statistics office, said consumer prices in the eurozone were up 1.7 percent in March from the year before, its lowest rate since August 2010 and down from 1.8 percent in February. Weaker energy price inflation was one of the main reasons behind the fall.

Though the decline takes inflation further below the European Central Bank's target of keeping price rises just below 2 percent, no change in interest rates is expected at Thursday's monthly policy meeting.

The ECB has been reluctant to take its main interest rate below the record low of 0.75 percent even though the eurozone is in recession and inflation has dropped.

"Despite muted inflationary pressures and mounting signs that the already weak eurozone economic situation is deteriorating anew, the ECB still looks likely to hold off from cutting interest rates," said Howard Archer, chief European economist at IHS Global Insight.

The decline in inflation in March was widely expected, though some economists were anticipating a bigger drop to 1.6 percent, as prices continue to be weighed down by the recession and high unemployment, which, among other things, keeps a lid on wages and consumer spending.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs