Eurozone inflation jumps to 15-month high in March
12:54, 1 April 2010
BRUSSELS. April 1. KAZINFORM Annual inflation in the eurozone jumped to a 15-month high in March, European Union (EU) statistics bureau Eurostat said Wednesday; Kazinform refers to China Daily.
According to a flash estimate issued by Eurostat, consumer prices in the 16 EU nations that use the euro rose 1.5 percent year-on-year, after a rise of 0.9 percent in February.
It was the highest since December 2008 and showed a significant increase compared with figures in the previous three months, which were all around 1 percent. Analysts said the main reason for the sharp rise was a significant jump in oil prices over a year ago.
However, the eurozone inflation remained below the 2-percent ceiling preferred by the European Central Bank (ECB) to maintain price stability; Kazinform cites China Daily.
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