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The Economic Times

Economy / The Economic Times

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Euro zone inflation surges past ECB target on oil shock

Euro zone inflation surged to 2.5% in March, exceeding the ECB's 2% target, driven by soaring oil and gas prices due to the Iran war. This presents a policy dilemma as expensive energy hinders growth but risks entrenching inflation, prompting debate on interest rate hikes to prevent a self-reinforcing spiral.

31 Mar 2026 2:41 pm