Eurozone inflation hits 2.6 percent in March

09:37, April 01, 2011      

Email | Print | Subscribe | Comments | Forum 

Annual inflation in the Eurozone hit a new record high of 2.6 percent in March, the European Union's statistic office Eurostat said on Thursday.

According to the flash estimate of Eurostat, consumer prices in the 17-member bloc rose to a 29-month high in March from 2.4 percent in Feburary, breaching for the fourth consecutive month the "close but below 2 percent" target preferred by the the European Central Bank (ECB) to maintain price stability.

Some analysts had estimated that the index will remain stable at 2.4 percent in March due to a stronger euro.

ECB President Jean-Claude Trichet said on Monday that inflation rates are now "durably above the common definition of price stability" in the euro zone. He hinted earlier this month that the ECB may raise interest rates in April due to mounting inflationary pressures.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
  Weekly review  
 
 
 
     
 
 

(Editor:张心意)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • Mercedes-Benz Fashion Week Russia: Slava Zaitsev
  • Tulip blossom in Indian-controlled Kashmir
  • "The Lost Bladesman" cast members attend news conference in Beijing
  • TSW Pegasus defeats Tai Chung in HKF FA Cup semifinal
  • Gold plated Infiniti sports car displayed in Nanjing
  • Refreshing styles at Belgrade Fashion Week
Most Popular
Hot Forum Dicussion