Eurozone inflation jumps to 2.5% in March

Eurozone inflation jumped to 2.5% in March, as the conflict in the Middle East pushed up oil and gas prices ahead of target. It comes as a stark rise against a rate of 1.9% in February, but below expectations of 2.6%.

Energy costs are expected to have risen by 4.9% during the month, according to a flash estimate from Eurostat on Tuesday, compared with a 3.1% fall in February.

When stripping out energy, inflation fell slightly from 2.4% in February to 2.3% in March, Eurostat said.

By LaToya Harding

Full story at Yahoo News.