Eurozone inflation revised to 2.7 percent

April 17, 2012 at 1:52 PM

BRUSSELS, April 17 (UPI) -- The 12-month consumer price index in the 17-member eurozone rose 2.7 percent in March, the European Union's data office estimated Tuesday.

The report is 0.1 percentage points higher than the figure released a month earlier in what is called a "flash estimate."

For March, the flash estimate for the eurozone put consumer price inflation at 2.6 percent.

The estimate covers the 17 nations that share the euro as currency. The region includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

In March, the lowest inflation rates experienced in the 27-member European Union were in Sweden with prices up 1.1 percent, Greece (up 1.4 percent) and Bulgaria (up 1.7 percent), Eurostat said.

The highest inflation rates were posted in Hungary (up 5.5 percent), Estonia (up 4.7 percent) and the Czech Republic (up 4.2 percent).

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