The most recent information released by Eurostat on Friday revealed that the annualised Harmonized Index of Consumer Prices (HICP) for the Eurozone decreased to 6.9% in March from 8.5% in February. The market anticipated a decrease in the inflation rate to 7.1% for the reporting period.<\/p>\n\n\n\n
Contrary to expectations of 5.7% and 5.6%, the core HICP remained stable at 5.7% YoY in March.<\/p>\n\n\n\n
The HICP for the old continent surprisingly increased by 0.9% in March, above predictions of 0.8% and the prior month’s 0.8% increase. In contrast to the 0.6% predicted and the 0.8% seen in February, the core HICP reached 1.2% last month.<\/p>\n\n\n\n
A day after Germany’s annual HICP for March, which increased by 7.8% and above predictions of a 7.5% increase while following a 9.3% advance seen in February.<\/p>\n\n\n\n
Note that the European Central Bank\u2019s (ECB) inflation target is 2%.<\/p>\n\n\n\n
Investors closely scrutinize the bloc\u2019s HICP figures to evaluate the ECB rate hike expectations. Markets are now pricing an 88% probability of a 25 basis points (bps) ECB rate increase in May.<\/p>\n","protected":false},"excerpt":{"rendered":"
The most recent information released by Eurostat on Friday revealed that the annualised Harmonized Index of Consumer Prices (HICP) for the Eurozone decreased to 6.9% in March from 8.5% in February. The market anticipated a decrease in the inflation rate to 7.1% for the reporting period. Contrary to expectations of 5.7% and 5.6%, the core …<\/p>\n","protected":false},"author":9,"featured_media":31526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8693,6923,7666,8806,6928,6837,9687,9530,6858],"class_list":["post-82218","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cost-of-living","tag-ecb","tag-energy-prices","tag-eu-economy","tag-euro","tag-eurozone","tag-german-e","tag-oil-embargo","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=82218"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82218\/revisions"}],"predecessor-version":[{"id":82219,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82218\/revisions\/82219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31526"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}