Euro zone inflation is back above 3%. Higher interest rates are likely to follow
The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.


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The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.

Inflation jumped in April while the euro zone economy expanded a meager 0.1% in the first quarter of the year, data showed on Thursday.

Euro zone inflation stood at 2% in December, flash data from Eurostat showed on Wednesday.

Euro zone inflation stood at 2.2% in November, a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday.

Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%.
Economists polled by Reuters had expected the figure to hit 1.9%.
Euro zone inflation dipped to 2.2% in March, as expected, according to flash data from statistics agency Eurostat published Tuesday.

Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December.

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.
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