Eurozone Inflation Surges to 2.5% Due to Iran War
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Eurozone inflation surged to 2.5% in March, driven by the Iran wars impact on fuel prices, with energy costs rising 4.9% and food inflation at 2.4%. Shoppers in Romes Trionfale market are feeling the pinch, with vendors passing on increased diesel costs. Services prices also climbed 3.2%, and ECB boss Christine Lagarde warns of faster price increases due to past inflation surges. Tighter fuel markets are expected, keeping inflation high for weeks or months.
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