{"id":17006,"date":"2024-04-03T09:38:54","date_gmt":"2024-04-03T09:38:54","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/03\/inflation-cools-in-eurozone-nearing-central-banks-target\/"},"modified":"2024-04-03T09:38:54","modified_gmt":"2024-04-03T09:38:54","slug":"inflation-cools-in-eurozone-nearing-central-banks-target","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/03\/inflation-cools-in-eurozone-nearing-central-banks-target\/","title":{"rendered":"Inflation Cools in Eurozone, Nearing Central Bank\u2019s Target"},"content":{"rendered":"
\"Inflation<\/div>


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The annual inflation rate across most economies in Europe eased for the third month in a row, nearing the target set by the European Central Bank. Consumer prices in the 20 countries that use the euro rose 2.4 percent in the year through March, down from 2.6 percent the month before, the European Union reported on Wednesday.<\/p>\n

The rate was slightly lower than economists expected and brought overall inflation closer to the 2 percent target set by the E.C.B., which will hold its next meeting to set interest rates on April 11.<\/p>\n

The central bank also keeps a close eye on core inflation, which strips out volatile food and energy prices. That dipped to 2.9 percent in the year through March in the eurozone, ticking below the 3-percent mark for the first time since Russia\u2019s full-scale war against Ukraine broke out in February 2022, driving up energy prices.<\/p>\n

Germany, the eurozone\u2019s largest economy, saw consumer prices rise at an annual rate of 2.3 percent in March, its slowest inflation since June 2021.<\/p>\n<\/div>\n