Spain’s inflation slows for the first time in 11 months
Spain’s inflation slowed for the first time in 11 months in March on the back of the retreat in oil prices over the month.
Annual consumer price index cooled to 2.3 percent in March from 3.0 percent in February, compared to analysts’ forecasts of 2.6 percent.
So far, crude oil has dropped 8.4 percent in March.
Euro area CPI may retreat to 1.8 percent in March from 2.0 percent in February, data due on Friday may show.
As of 10:02 GMT, the euro slipped for a third straight
session versus the U.S. dollar to 1.0735 after opening today at 1.0764.