Euro area annual inflation is expected to be 1.7% in March 2013, down from 1.8% in February, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in March (2.7%, stable compared with February), followed by services (1.9% compared with 1.5% in February), energy (1.7% compared with 3.9% in February) and non-energy industrial goods (1.0% compared with 0.8% in February). (full story)