Eurozone inflation rises sharply in March

21:39, April 16, 2010      

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The annual inflation rate in the eurozone rose drastically to 1.4 percent in March, the European Union statistics bureau Eurostat said Friday.

The rate, which was revised slightly from the flash estimate of 1.5 percent published last month, showed a significant increase compared to the 0.9 percent rate recorded in February.

Concerning the impacts on the headline rate, fuel for transportation and heating oil had the largest upward contributions as the price of transportation increased by 6.1 percent, the highest among the main components involved in the inflation rate.

The inflation rate in March was the highest since December 2008 but remained below the 2-percent ceiling preferred by the European Central Bank (ECB) to maintain price stability.

Source: Xinhua


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