Eurozone inflation soars to 3% as Iran war drives up energy prices
Eurozone inflation rose to 3% in April 2026, driven by higher energy prices linked to the Iran war, while economic growth slowed to 0.1% in the first quarter. The European Central Bank faces pressure to respond as inflation exceeds its 2% target amid stagnant growth across much of the region. Germany posted stronger-than-expected growth of 0.3%, but France saw no growth, weighed down by weak consumption and trade.
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Rising fuel prices are feeding into higher inflation. Photograph: Syspeo/SIPA/ShutterstockView image in fullscreenRising fuel prices are feeding into higher inflation. Photograph: Syspeo/SIPA/ShutterstockOilEurozone inflation soars to 3% as Iran war drives up energy pricesECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February Business live – latest updates Air France-KLM cuts forecasts amid $2.4bn fuel bill rise Graeme WeardenThu 30 Apr 2026 06.07 EDTLast modified on Thu 30 Apr 2026 06.09 EDTSharePrefer the Guardian on GoogleInflation across the eurozone has soared to 3% this month as the Iran war drove up energy prices, and growth stumbles.Consumer prices rose by 3% a year across the single currency bloc in…
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