Euro-Zone Inflation Jumps Most Since 2022 on Energy Costs

(Bloomberg) -- The euro area saw its steepest jump in inflation since 2022 as the Iran war pushed energy costs sharply higher, backing expectations that the European Central Bank will have to raise interest rates. Consumer prices rose 2.5% from a year ago in March – up from 1.9% the previous month and the highest since January 2025. The reading is just below the 2.6% median estimate in a Bloomberg survey. Core inflation, which excludes volatile items like food and energy, unexpectedly slowed to 2.3%, wh ...