Eurozone inflation shows sharpest jump since 2022

Consumer prices in the euro zone increased by 2.5% year-on-year in March, up from February's 1.9%, according to preliminary data from Eurostat. This is the highest level since January 2025, Bloomberg calculated.

The increase largely reflects a sharp jump in energy prices after the US and Israel launched a military operation against Iran. The energy component of inflation rose 4.9% in March, compared with a 3.1% drop in February.

At the same time, the March total was slightly below the median estimate of economists - they had forecast 2.6 percent, Bloomberg and Reuters surveys show.

European indices reacted weakly to the release. They hold the gains achieved after The Wall Street Journal published that Trump expressed his willingness to end the military campaign against Iran even if shipping through the Strait of Hormuz remains largely closed.

The Stoxx 600 index added 0.7%, Germany's DAX added 0.8%, France's CAC 40 added 0.5%.

The news is supplemented.

This article was AI-translated and verified by a human editor