Euro area CPI confirms 1.5% rise in March

Euro area CPI confirms 1.5% rise in March

Euro area annual inflation confirmed a 1.5 percent rise in March, according to the final consumer price index released on Wednesday.

CPI for the year through March showed 1.5 percent rise, moving in line with both preliminary and expected readings.

Annual core recorded 0.7 percent, unrevised from the preliminary reading.

Inflation in the 19-nation region eased from 2 percent in February, buoyed by the retreat in oil prices.

As of 09:08 GMT, the euro traded lower for the first time in four sessions versus the U.S. dollar at 1.0713 after hitting a peak of 1.0735.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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