Inflation in the euro zone dropped by the most on record in March but 'core' price growth accelerated, which is likely to strengthen the case for more interest rate hikes by the European Central Bank.
subsides and on data including underlying inflation, which excludes volatile prices such as food and energy.
"The pressure on the ECB to continue raising interest rates remains high," Commerzbank economist Christoph Weil said. But the fall was almost exclusively due to lower energy prices compared to March last year, when they had surged in the wake of Russia's invasion of Ukraine. French consumer spending unexpectedly fell in February, as did German retail sales, while a European Commision survey published a day earlier showed households want to save more.their smallest increase in two years in February as energy prices eased.
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