Eurozone inflation hits surprise 29-month high

Laura Miller

A record monthly increase in eurozone inflation unexpectedly sent the annual rate to a 29-month high in March, strengthening expectations that the European Central Bank will tighten monetary policy further this year.

Official data showed the consumer price index (CPI) throughout the eurozone rose to 2.7% from 2.4% in February, the European Union's Eurostat agency said It is the highest level since October 20...

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