Euro Zone Flash CPI Rises Unexpectedly In March

Forex Pros – Consumer price inflation in the euro zone rose unexpectedly in March, preliminary data showed on Thursday.

In a report, Eurostat said consumer price inflation was expected to rise by a seasonally adjusted 2.6% in March, after rising by 2.4% in February.

Analysts had expected euro zone CPI to remain unchanged at 2.4% in March.

Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD jumping 0.64% to hit 1.4217.

Meanwhile, European stock markets were mixed. The EURO STOXX 50 shed 0.07%, France’s CAC 40 eased down 0.04%, the FTSE 100 rose 0.2% and Germany’s DAX was up 0.17%.

View the original article here