- Eurozone inflation reaches 7.4% year-on-year in March, below estimates.
- The bloc’s monthly IPCA rises 2.4% in March.
- EUR/USD maintains gains above 1.0900 after Eurozone data.
Eurozone inflation rose 7.4% year-on-year in March, as shown by Eurostat’s final reading of the harmonized index of consumer prices IPCA. This number has come below expectations of 7.5% and falls from the previous 7.5%. Core figures rose 2.9%, below the 3.0% estimate for the market.
The bloc’s IPCA rose 2.4% vs. 2.5% expected and from the 0.9% registered in February, while Core IPCA figures came in at 1.2% vs. 1.2% expected and 1.2% before.
Key details (via Eurostat):
“The lowest annual rates were recorded in Malta (4.5%), France (5.1%) and Portugal (5.5%). annual fees highest were recorded in Lithuania (15.6%). Estonia (14.8%) and Czech Republic (11.9%).
“Compared to February, annual inflation fell in two Member States and rose in twenty-five. In March, the highest contribution to the euro zone’s annual inflation rate was from energy (+4.36%), followed by services (+1.12%), food, alcohol and tobacco (+1.07%) and non-energy industrial goods (+0.90%).”
Source: Fx Street

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