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 * Economy
 * Europe Economy


EUROZONE CORE INFLATION HITS RECORD HIGH


THE HEADLINE INFLATION RATE FELL SHARPLY IN MARCH BUT POLICY MAKERS WORRY THE
SEARCH FOR BIGGER PROFITS MAY KEEP OTHER PRICES RISING

UBS Agrees to Buy Credit Suisse for $3 Billion: What’s Next
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UBS Agrees to Buy Credit Suisse for $3 Billion: What’s NextPlay video: UBS
Agrees to Buy Credit Suisse for $3 Billion: What’s Next
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Photo: Hannah McKay/Reuters
By
Paul Hannon
Updated March 31, 2023 7:14 am ET

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Core inflation in the eurozone hit a record in March, a setback for central
bankers whose rapid interest-rate rises have exacerbated financial sector
strains and caused pains in part of the bloc’s economy.

The fresh data increases the likelihood that the European Central Bank will
raise its key rate again in May. It could also encourage governments to explore
alternative ways to cool prices rises by targeting inflationary increases in
profits.


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