Eurozone inflation jumps, faces quick hit from surging oil
Mar 04, 2026
Doha [Qatar], March 4: Eurozone inflation surged unexpectedly last month and may rise further in the coming months if war in the Middle East keeps energy prices high, possibly putting pressure on the European Central Bank to revisit its policy stance. Inflation in the 21 countries that share the euro jumped to 1.9 percent from 1.7 percent a month earlier, outpacing expectations for 1.7 percent, as rising unprocessed food and services costs offset low energy prices, data from Eurostat showed on Tuesday. Underlying inflation, a closely watched measure which excludes volatile fuel and food prices, increased to 2.4 percent from 2.2 percent as services inflation, a top concern for policymakers, once again accelerated more than predicted.
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