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Euro Area Inflation Spikes Higher In March

EUROZONE DATA

EZ FLASH HICP MAR +2.5% M/M, +7.5% Y/Y; FEB +5.9% Y/Y

EZ FLASH CORE HICP MAR +1.2% M/M, +3.0% Y/Y; FEB +2.7% Y/Y

  • Eurozone March flash headline inflation far exceeded early forecasts, but was largely inline with updated expectations following the release of far stronger than expected national data earlier this week.
  • The main components of euro area inflation, energy is expected to have the highest annual rate in March (44.7%, compared with 32.0% in February)
  • Core inflation (Ex Energy, Food, Tobaco and Alcohol was also higher, setting a fresh euro era high at 3.0% y/y, but just shy of an expected 3.1% y/y reading
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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