Home Economy Euro-Zone Inflation Tops Estimates to Hit New Record on War

Euro-Zone Inflation Tops Estimates to Hit New Record on War

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Euro-zone inflation accelerated to another all-time high as Russia’s invasion of Ukraine roiled global supply chains and provided a fresh driver for already-soaring energy costs.

March consumer prices surged 7.5% from a year ago, up from 5.9% in February and more than the 6.7% median estimate in a Bloomberg survey. Showing the increasingly broad nature of the advance, a core gauge excluding volatile components also hit a new record.

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Friday’s data follow inflation overshoots this week from Spain and Germany that prompted investors to bring forward bets on when the European Central Bank…

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