Eurozone Inflation Rises to 2.5% in March, Driven by Energy Costs
European inflation saw its steepest jump since 2022, driven by soaring energy prices linked to the Iran war, even as core CPI unexpectedly shrank. Eurostat reported that inflation in the eurozone is expected to be 2.5% in March, a 1.9% increase from February, leading economic research institutes to lower growth forecasts and predict higher overall inflation.
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European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks
European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks In an early preview of the coming inflation spike, the euro area saw its steepest jump in inflation since 2022 as the Iran war pushed energy costs sharply higher, backing expectations that the ECB will have to raise interest rates. In March, European consumer prices rose 2.5% from a year ago in March - and up a whopping 1.9% from the previous month - to the highest since Janua...
By Tyler Durden
Read full article →Inflation in Europe sees steepest jump since 2022 on energy shock
Inflation in the eurozone saw the steepest monthly increase since late 2022 and soared past the European Central Bank's (ECB) 2% target in March as surging energy costs amid...
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