Consumer price growth across the Eurozone picked up more strongly than first reported in March, remaining above the European Central Bank’s 2% target and reflecting the impact of higher energy costs linked to the Iran conflict.
According to Eurostat, annual inflation across the 21 countries using the euro rose to 2.6% over the twelve months to March, exceeding the preliminary estimate of 2.5% and up from 1.9% in February.
On a monthly basis, consumer prices increased by 1.3%, slightly above the initial reading of 1.2% and compared with a 0.6% rise in the previous month.
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