Eurozone inflation shoots up to +2.5% in March, energy pushes up prices

It is the effect of the attack launched by Israel and the USA against Iran, which caused the closure of the Strait of Hormuz and a surge in gas and oil prices: among the various components driving the increases is energy, which recorded a 4.9% increasecompared to a 3.1% decline in February, before the attack. This is followed by services (+3.2% compared to +3.4% in February), food, alcohol and tobacco (+2.4% from +2.5%) and non-energy industrial goods (+0.5% from +0.7%).

Core inflationpurified from energy, food, alcohol and tobacco (the most volatile components) fell to 2.3%from 2.4% in February, a sign that the increases have not yet fully manifested their effects in the rest of the economy. Also in this case the price increase is lower than market expectations.