Euro area annual inflation is expected to be 1.5% in March 2017, down from 2.0% in February 2017, according to a flash estimate from Eurostat, the statistical office of the EU. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in March (7.3%, compared with 9.3% in February), followed by food, alcohol & tobacco (1.8%, compared with 2.5% in February), services (1.0%, compared with 1.3% in February) and non-energy industrial goods (0.2%, stable compared with February).