Eurozone flash inflation has slipped to 0.5% on year in March from 0.7% in February and undershot forecasts of 0.6%.
Core CPI has weakened to +0.8% from +1%.
The slowdown in inflation is likely to strengthen concerns that the eurozone is sliding towards deflation.
The euro drops vs the dollar and is -0.1% at $1.3743. (PR)