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Euronews
Euronews
Piero Cingari

Eurozone inflation jumps to 2.5% amid Iran war: Will the ECB hike rates?

ECB Inflation Iran eurozone Christine Lagarde Carsten Brzeski Frankfurt Bank of America Spain

One month ago, energy was dragging eurozone inflation lower. In February, energy prices were falling at a 3.1% annual rate, and headline inflation sat comfortably at 1.9% — just below the ECB's 2% target.

Then came the Iran war.

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