The eurozone has experienced a quicker-than-anticipated decrease in inflation, owing to a substantial reduction in energy prices, raising hopes for a similar decline in price pressures in the UK. According to a provisional estimate by Eurostat, consumer prices in the euro area fell to 6.9% in March. The drop was mainly due to a decrease in energy prices, which were 0.9% lower than last year, marking a significant shift from the 13.7% increase in February. Additionally, consumer price growth in Spain unexpectedly decreased by almost 50% in March, falling to 3.1% from 6% in the previous month.
