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MNI: EUROZONE DATA: Final HICP (Mar 2019) Review.....>

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MNI: EUROZONE DATA: Final HICP (Mar 2019) Review
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- HICP: 1.0% m/m, 1.4% y/y; Previous (Feb): 1.5% y/y 
- Core HICP: 1.3% m/m, 0.8% y/y; Previous (Feb): 1.0% y/y 
- Final data in line with flash, confirming 0.1pp dip in headline inflation as
core rate fell to 11-month low 
- The lowest annual HICP rates were registered in Portugal (0.8%) & Greece
(1.0%)... 
- ...and the highest in the Netherlands (2.9%), Latvia (2.7%) & Slovakia (2.7%) 
- Core HICP should stage a rebound in Apr as Easter price hikes feed through...
- ...however, it is then likely to moderate again and remain close to 1% over
the rest of this year... 
- ...a level it has remained anchored around since late 2015 
- While the ECB continues to assert confidence in a pick-up in underlying trend
inflation going forward... 
- ...further downward revisions to its projections in June remain possible

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