Eurozone Consumer Inflation Expectation Surges to 4% in March, Likely to Worry Central Bank
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After the US-Israel war with Iran led to a surge in international energy costs, the Eurozone's consumer inflation expectation for the next 12 months rose sharply from 2.5% in February to 4% in March, according to a European Central Bank (ECB) survey. This is likely to concern the central bank as it evaluates the need for interest rate hikes.