Eurozone Inflation Accelerates to New All-Time High 7.5%

Source: Eurostat

Inflation in the eurozone climbed to a fresh record high in March, driven mainly by the increase in energy prices during the month. EZU is down 0.83%, while VGK is up 0.85% premarket.

• Inflation stood at 7.5% in March, up from 5.9% in the previous month and 1.3% in the same month last year.
• Core inflation jumped to 3.2%, up from 2.9% in February and 1.0% in the March of the previous year.
• Energy recorded the fastest annual rate during the month at 44.7%, marking a continuous double-digit increase after 32.0% in February and 4.3% in March 2021.
• Non-energy industrial goods prices increased by 3.4% from 3.2% the previous month and 0.3% in March 2021.
• Services prices grew by 2.7%, faster than 2.5% in February and 1.3% in the same month in 2021.
• Food, alcohol, and tobacco prices increased by 5.0%, up from 4.2% in February and 1.1% in the past year.
• The fastest readings were recorded in Lithuania, Estonia, Latvia, the Netherlands, and Spain.