Read more
9:04 AM · 1 April 2022

BREAKING: Euro area inflation accelerates past 7%!

-
-
Open account Download free app

Flash CPI data for March from the euro area was released today at 10:00 am BST. Report was expected to show an acceleration from 5.8 to 6.7% YoY but instead showed a jump to 7.5% YoY! On the other hand, core gauge jumped from 2.7% to 3.0% while the market expected an acceleration to 3.1% YoY. This discrepancy between jump in headline and core inflation measures show that current inflation is mostly driven by volatile items, like food and fuel. Nevertheless, it will pose a challenge for the European economy and there is a high chance that energy prices will increase further amid EU-Russia spat on natural gas.

Market reaction was rather insignificant with EURUSD dropping less than 0.1% in the first few minutes after the release. The 1.1040 support zone remains a key near-term target for sellers.

Source: xStation5

3 March 2026, 8:42 AM

Economic calendar: Eurozone CPI and central bankers speeches in focus

3 March 2026, 6:45 AM

Morning wrap (03.03.2026)

2 March 2026, 3:04 PM

BREAKING: US Manufacturing data above expectations! 📈🏭

2 March 2026, 9:04 AM

BREAKING: Euro area manufacturing PMIs for February broadly confirmed a return to modest expansion

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits