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Inflation in the eurozone in March set a record – 7.5%


April, 01 2022
watermark Economic news

According to the Statistical Office of the European Union Eurostat, consumer prices in the eurozone increased by 7.5% in annual terms in March 2022. This was the highest indicator in the entire history of calculations. Last month, annual inflation was 5.9%. Analysts predicted an average price increase of 6.6%. On a monthly basis, consumer prices rose by 2.5%. 


Consumer prices excluding the cost of energy, food and alcohol (CPI Core index) in March increased by 3% year-on-year after an increase of 2.7% in February.


Energy prices in March jumped by a record 44.7% compared to the same month of the previous year (+32% in February), the cost of industrial goods increased by 3.4% (+3.1% a month earlier).


The cost of food, alcohol and tobacco products increased by 5% after an increase of 4.3% in February. Services rose in price by 2.7% (+2.5% a month earlier).


The highest annual inflation was recorded in Lithuania (15.6%) and Estonia (14.8%). The lowest price growth was observed in Malta (4.6%) and France (5.1%).


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.