Eurostat released its consumer price inflation data for the Eurozone on Thursday. The preliminary consumer price inflation in the Eurozone rose to -0.1% year-on-year in March from -0.2% in February, in line with expectations.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco climbed to an annual rate of 1.0% in March from 0.8% in February. Analysts had expected the index to increase to 0.9%.

Food, alcohol and tobacco prices were up 0.7% in March, non-energy industrial goods prices gained 0.5%, and services prices climbed 1.3%, while energy prices dropped 8.7%.