Source AP ©

Euro-zone inflation up to 1.9 percent for March

Euro-zone inflation rose to 1.9 percent for March, the European Union's statistics agency said Monday.

The widely expected acceleration, from 1.8 percent in February, comes amid higher economic growth across the 13 countries that use the euro currency. The European Central Bank held off on increasing its benchmark interest rate last week, but signaled another increase this summer due to strong growth and falling unemployment.

The Frankfurt-based bank kept its benchmark at 3.75 percent.

The ECB is keen to keep inflation in check due to higher wages and creeping consumer price increases, which could damage long-term economic growth. Year-on-year inflation still remains below the ECB's just-under 2 percent guideline.

Eurostat said it saw price increases in alcohol and tobacco products, hotels and restaurants and education costs in March, while prices for telecommunications, heating oil and transport fuels "had the biggest downward impacts."

Comments
Why Trump tries to re-industrialize America
Russians lose faith in their future, get ready for worse
Theatrical posters depicting naked dancers banned in Russian provincial city
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Russians lose faith in their future, get ready for worse
USA plays to pretend a mighty dragon that can no longer breathe fire
Putin dislikes the idea of US army bases coming to Kuril Islands
The INF issue
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Macron challenges Trump. French independence and croissants at stake
Macron challenges Trump. French independence and croissants at stake
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin dislikes the idea of US army bases coming to Kuril Islands