Eurozone inflation slows more than predicted on oil and food

ZURICH: Inflation in the eurozone slowed for the first time in nearly a year this month, which may reinforce the view among some European Central Bank (ECB) policy makers that it’s too soon to start unwinding unconventional stimulus.

The 1.5% rate of price growth in March was down from 2% in February and weaker than economists had forecast. The core inflation rate also fell more than expected, to the lowest in nearly a year.