FX.co ★ Eurozone inflation drops again

Here comes the latest news from the world of the European economy, where inflation has decided to take time out. According to recent data, annual inflation in the eurozone approached 2.4% in March 2024. This is the lowest growth rate since November last year.

Against this backdrop, analysts polled by DailyFX, who had predicted stability at 2.6%, must feel a little uneasy. They had anticipated chaos, but it did not come.

As for unemployment, there are no surprises here. In February, the indicator remained at the level of 6.5% recorded in January. However, some experts had foreseen a decline to 6.4%.

Meanwhile, in Turkey, the economic merry-go-round is spinning faster and faster. March showed an acceleration of consumer price growth to an astronomical 68.5% in annual terms.

If in Europe inflation took a break, in Turkey it soared. Thus, on a monthly basis, Turkish CPI increased by 3.16 points. At the same time, the indicator has added 15.06 points since December. Thus, in one part of Europe, the situation is calm and stable, and another is experiencing an economic roller coaster.