Inflation in the eurozone and the European Union accelerated further in March, carving fresh all-time highs. EZU is up 1.67%, while VGK is up 0.87% premarket.
- Consumer prices in the eurozone surged by 7.4% in March, up from 5.9%. This is the highest print on record.
- The biggest annual increase was seen in energy prices which soared by 44.4%, following the 32.0% increase in the previous month.
- Energy was followed by prices of food, alcohol, and tobacco which increased by 5.0%, non-energy industrial goods by 3.4%, and services by 2.7%.
- Inflation in the European Union increased by 7.8%, faster than 6.2% in the previous month.
- The fastest increases were in the Netherlands with 4.4%, Spain with 3.9%, Latvia with 3.3%, Poland with 2.9%, and Estonia and Greece both with 2.7%.