Inflation in Europe Sees Steepest Jump Since 2022 on Energy Shock

Inflation in Europe sees steepest jump since 2022 on energy shock

Inflation in the eurozone saw the steepest monthly increase since late 2022 and soared past the European ​Central Bank's (ECB) 2% target in March as...

Eurozone inflation surges past ECB target on oil shock

Eurozone inflation soared past the European Central Bank’s 2% target this month due to surging oil and gas prices, heightening a policy dilemma as expensive energy is a drag on growth but also risks generating a self-reinforcing inflation spiral.