Negative inflation was experienced in March by eight state-members of the EU, where only four of which showed annual inflation exceeding 1%, according to data released on Wednesday by Eurostat.

The largest price decrease occured in Bulgaria (-2%), Greece (-1.5%), Cyprus (-0.9%) while the largest increase occured in the UK (1.5%), Austria and Malta (1.4%).

Average annual inflation in March in the Eurozone was at 0.5% (it was 0.7% in February), compared to one year ago where it was at 1.7%.