[HIGHLIGHTS] Inflation in the Eurozone is weakening significantly

Consumer prices rose by 2.4 percent compared to the same month last year. Economists had expected an average rate of 2.5 percent.

The price development is moving closer to the target of the European Central Bank (ECB), which is aiming for an annual inflation rate of two percent in the medium term. Inflation reached a record high of 10.7 percent in autumn 2022. In the Eurozone, Croatia has the highest inflation rate at 4.9 percent. It was lowest in Latvia, where it was 0.3 percent.