Eurozone inflation hits surprise 29-month high

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 2008 when the rate was 3.2%. Economists were expecting no change from the March estimate of 2.6%. On a monthly basis, a seasonal increase in prices for clothing and footwear, and higher costs for transport fuel and heating oil, led to a 1.4% jump in the consumer-price index, after a 0.4% rise in February. It was the sharpest monthly increase since records began in 1996, Eurostat said, and a...