Euro zone inflation unexpectedly slows to 2.4% in March

Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published on Wednesday.

Economists polled by Reuters had expected the rate to hold steady against the previous month at 2.6%.

Price rises in in France and Spain came in lower than expected last week. On Tuesday, headline inflation in the bloc’s biggest economy, Germany, was estimated at a three-year low of 2.2%.

This is a breaking news story and will be updated shortly.