US EditionEuro zone inflation unexpectedly eases, boosting rate cut case
- Food inflation decreased to 2.7% from 3.9%, while energy prices dropped by 1.8%, per Eurostat.
- Core inflation, excluding food and energy costs, lowered to 2.9% from 3.1% in February.
- These data were released by the European Union's statistics agency on Wednesday.
93 Articles
93 Articles
Roundup: Eurozone inflation further cools in March
BRUSSELS, April 3 (Xinhua) -- The Eurozone saw its annual rate of inflation drop more than expected in March, marking a third consecutive month of decline, sparking optimism for a potential European Central Bank (ECB) interest rate cut in June. Read full story
![TASS [🇷🇺-affiliated]](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2F1c364c1e553231a17f22d4a16db85a51fb715dd3.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
According to Eurostat, the food segment, measured alongside tobacco and beverages, recorded a 2.7% year-on-year increase in March, clearly below the 3.9% it had shown in February. The so-called underlying inflation – which excludes energy and food – also continued to decline and closed at 2.9%, down from 3.1% in February and 3.3% in January. The European Central Bank maintains interest rates unchanged Industrial goods, for their part, showed a 1…
The inflation rate in the euro area has fallen further.
Inflation in the euro area fell from 2.4% in March to 2.6% in February, according to Eurostat data released on Wednesday. This is a lower price rise predicted by analysts, boosting investors' hopes that the European Central Bank (ECB) will lower interest rates as early as June.
Coverage Details
Bias Distribution
- 47% of the sources lean Left
![TASS [🇷🇺-affiliated]](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2F1c364c1e553231a17f22d4a16db85a51fb715dd3.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
