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Euro zone inflation pressures near three-year low

Euro zone inflation will likely fall further as price pressures eased close to a three-year low in March, an indicator designed to predict cyclical trends showed on Friday.

The Eurozone Future Inflation Gauge (EZFIG), published by the Economic Cycle Research Institute, dropped to 92.4 from February's 92.8, as similar national indicators fell in Germany, France and Spain.

"The EZFIG declined in its latest reading and is hovering just above January's 35-month low. This suggests that euro zone inflation will weaken further in the coming months," said Lakshman Achuthan, ECRI's chief operations officer.

Inflation in the 17-nation bloc sank to 1.2 per cent last month, a three-year low, flash data showed on Tuesday.