The final CPI data for March showed no revision to the flash report. Prices rose 0.2 percent on the month to reduce the annual inflation rate by fully 0.6 percentage points to 1.6 percent.
The final HICP was similarly unrevised with a 0.1 percent monthly increase and 1.5 percent yearly gain, down from 2.2 percent in February.
However, the deceleration in both annual rates was heavily influenced by the effects of an early Easter in 2016 which biased down the yearly change in prices last month. This was particularly apparent in package holiday charges which were some 7.1 percent weaker on the year. Energy, where annual inflation fell from 7.2 percent to 5.1 percent, also had a negative effect and excluding this category, a 0.3 percent monthly rise in the CPI saw the annual core rate dip a slightly smaller 0.5 percentage points to 1.2 percent.
The full effects of Easter will not be apparent until the April data are available when most, if not all, of March's deceleration should be unwound.