The level of inflation in the Eurozone has attracted in March. According to the statistical office Eurostat on Wednesday, the consumer prices were 1.3 percent higher than a year earlier. In the previous month, the increase amounted to 0.9 per cent. In a monthly comparison, the cost of living rose by 0.9 percent.
editor in the economy.F. A. Z.
The increase in the inflation rate of prices is mostly due to higher energy. You were 4.3 percent, above the level of the prior-year month. In February, it had fallen to 1.7 per cent. Other components, such as food, manufactured Goods or services rose significantly weaker than energy. This fits in with, is that the so-called core rate of Inflation to decline sharply fluctuating prices for energy and food from 1.1 to 0.9 percent.
The price target of the European Central Bank will continue to be missed, however, is not as strong as a few months ago. The ECB aims to keep medium-term inflation of just under two percent. Some economists have to wait that the target to be achieved in the coming months and may be exceeded. The ECB has hinted to the fact that they regarded the rise as temporary and monetary policy to respond.
the Euro-countries, Germany, the price is with an inflation rate of 2 percent, according to the European method of calculation of the Harmonised consumer price Index (HICP), together with Austria in second place. Higher inflation is in Luxembourg, with 2.4 per cent.
Further increase in the rate of inflation, expected
In Germany, it had, especially for the new year, with the re-raising of the VAT and the introduction of a CO2 price of the fuel and heating oil, a price jump compared to the negative inflation rates of the last months of last year. The price increase in the fuel, the highest it had been since the age of 27. The higher German inflation rate had, in attenuated Form, also at the European level.Updated Date: 31 March 2021, 23:19