Eurozone inflation accelerated sharply, but less than initially estimated, to set a record high in March underpinned by surging energy prices, final data from Eurostat showed on Thursday.
Consumer price annual inflation jumped to 7.4 percent from 5.9 percent in February. Although the rate was revised down slightly from the flash estimate of 7.5 percent, it was the strongest on record.
Core inflation, which excludes prices of energy, food, alcohol and tobacco, accelerated to 2.9 percent from 2.7 percent a month ago. Core inflation was also revised down by 1 percentage point from 3.0 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.