Euro zone inflation smashes through ECB target to 2.5% in March as energy costs soar - CNBC

Inflation in the euro zone rose to 2.5% in March, up from 1.9% in February, largely reflecting a sharp jump in energy prices after military operations involving Iran. Subsequent data show inflation has accelerated further to 3% while economic growth has nearly stalled, suggesting the initial energy shock may be feeding through more broadly. That combination intensifies upward pressure on borrowing costs and complicates policymakers' efforts to support the fragile recovery, while adding downside risks for markets.