Lithuania reported the lowest annual inflation rate in the European Union in March 2024, of 0.6%, just ahead of Finland (0.6%) and Denmark (0.8%).
According to Eurostat data, the highest inflation rates in the European Union for the month were recorded in Romania (6.7%), Croatia (4.9%), and Estonia and Austria (both 4.1%).
Across the European Union, the annual inflation rate stood at 2.6% in March, compared to 2.8% in February. In March 2023, meanwhile, the inflation rate for the EU stood at 8.3%.
Looking at the euro area specifically, inflation stood at 2.4% in March, down from 2.6% in February.
On a sector-by-sector basis, the highest contribution to euro area inflation came from the services sector, which contributed 1.76 percentage points. Food, alcohol & tobacco contributed 0.53 percentage points while there was also a contribution from non-energy industrial goods (+0.30 pp).
Energy, meanwhile, made a negative contribution (-0.16 pp).
| Country | Inflation (%) |
|---|---|
| Romania | 6.7 |
| Croatia | 4.9 |
| Estonia | 4.1 |
| Austria | 4.1 |
| Belgium | 3.8 |
| Hungary | 3.6 |
| Greece | 3.4 |
| Slovenia | 3.4 |
| Spain | 3.3 |
| Luxembourg | 3.2 |
| Bulgaria | 3.1 |
| Netherlands | 3.1 |
| Malta | 2.7 |
| Poland | 2.7 |
| Slovakia | 2.7 |
| Portugal | 2.6 |
| France | 2.4 |
| Germany | 2.3 |
| Sweden | 2.3 |
| Czechia | 2.2 |
| Ireland | 1.7 |
| Cyprus | 1.6 |
| Italy | 1.2 |
| Latvia | 1.0 |
| Denmark | 0.8 |
| Finland | 0.6 |
| Lithuania | 0.4 |
Tourists spent a total of 413 million nights at camping grounds, RV parks, and trailer…
Greece's manufacturing industry continued to expand in March, with production and new orders showing growth,…
The European Commission has taken 'preparatory steps' toward the implementation of the €90 billion Ukraine…
Some 84% of individuals in the Netherlands have at least basic digital skills, the highest…
Some 951.6 million short-stay accommodation nights were booked via platforms such as Airbnb, Booking or…
The population living in Sweden's urban areas and localities has 'increased steadily' over the past…