Economy

Euro zone inflation March 2024

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Two women hold an umbrella while sitting at an outdoor table of a cafe on April 01, 2024 in Rome, Italy. 

Emanuele Cremaschi | Getty Images News | Getty Images

Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published by the European Union’s statistics agency Wednesday, boosting expectations for interest rate cuts to begin in the summer.

Economists polled by Reuters had forecast the rate would hold steady against the previous month at 2.6%.

The core rate of inflation, excluding energy, food, alcohol and tobacco, cooled from 3.1% to 2.9%, also coming in below expectations.

However, inflation in services — a key watcher for the European Central Bank…



Source cnbc.com

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