Economic Buzz: Eurozone inflation edges higher on accelerating energy prices

Eurozone inflation edged up more than initially estimated in March, hitting its strongest level since mid-2024, final data from Eurostat showed Thursday. Eurostat said energy prices in the 21-country euro area rose 7% on a monthly basis in March, marking a sharp turnaround from the annual declines seen in recent months. On an annual basis, energy prices were up 5.1% in March, compared with a 3.1% drop in February. The broader annual inflation rate in the euro area rose from 1.9% in February to 2.6% in March. This was revised up from the initial estimate of 2.5 percent. The monthly consumer prices increased 1.3%. Across the EU, annual inflation climbed to 2.8% from 2.1% a month earlier.

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