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Eurozone Inflation Nears ECB Goal, Rate Cut Looms

By Athena Xu

4/4, 01:34 EDT
  • Eurozone inflation has seen a significant decline from its peak of 10.6% in October 2022 to 2.4% in March, approaching the ECB's target of 2%, with the services sector inflation remaining steady at 4%.
  • The drop in inflation is driven by smaller increases in food and goods prices, while services inflation has not decreased, indicating persistent cost pressures in the labor-intensive services sector.