Eurozone inflation reaches record high of 7.5%
Observers think ECB is increasingly likely to accelerate plans to tighten monetary policy
Eurozone inflation, including the core rate, reached a record high in March, the European Union’s statistical office said today (April 1).
In March the headline rate of harmonised price index of consumer prices rose year on year by 7.5%, up from 5.9% in February. The European Central Bank’s inflation target is 2% over the medium term.
Additionally, core inflation excluding energy, food, alcohol and tobacco prices rose by 3%, up from 2.7% in February. Non-energy industrial goods prices
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