By Alexander Bueso
Date: Thursday 21 Apr 2022
(Sharecast News) - Euro area inflation continued to accelerate last month, as energy and industrial goods became dearer.
According to Eurostat, in seasonally adjusted terms, the annual rate for consumer prices in the single currency area picked up from 5.9% for February to 7.4% in March.
Last month's outcome was one-tenth of a percentage lower than a preliminary estimate.
Energy prices rocketed by 12.2% month-on-month, pushing the year-on-year rate of gains from 32.0% to 44.4%.
Pirces of non-energy industrial goods meanwhile were up by 2.5% versus February and the annual rate of increase rose by three tenths of a percentage point to 3.4%.
Services' prices on the other hand increased by just 0.4% on the month with the annual rate rising from 2.5% to 2.7%.
At the national level, prices in Germany were the worst behaved, with the annual rate of CPI increase worsening from 5.5% to 7.6% and from 7.3% to 11.7%, respectively.
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