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Euro-Zone Inflation Surpasses 3% for First Time Since 2023
Euro-zone inflation has surpassed 3%, marking the first time since 2023. This rise indicates a significant shift in the region's economic conditions.
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Adjacent reporting
- UK Inflation Rose to 3.3% in March
- Euro-Zone Inflation Was Faster Than Thought in March at 2.6%
- Eurozone inflation rises to 3.2% in May as ECB prepares to raise rates
- Key inflation gauge worsens, eroding Americans’ income and spending power
- Consumer prices rose 3.8% annually in April, the highest since May 2023
- April CPI came in hot, rising to 3.8% the highest level since May 2023. Core CPI also moved higher to 2.8%, beating expectations of 2.7%. With oil prices surging, inflation is starting to look uncomfortable again. Now the market is pricing in higher odds of Fed rate hikes.