Rising prices at the pump keep inflation above 3 percent

Rising prices at the pump keep inflation above 3 percent
Rising prices at the pump keep inflation above 3 percent
--

Prices for food, drinks and tobacco rose slightly faster than in February.

In February, inflation was 2.8 percent and in January it was 3.2 percent, according to figures from the Central Bureau of Statistics (CBS).

Oil price on the rise

The fact that daily life became more expensive in March is mainly due to energy prices and the prices of petrol and diesel at the pump. They became 3.7 percent more expensive in March.

The increase in fuel prices follows that of the oil price. Crude oil prices are now at about the highest level in about five months.

What does the ECB do?

The European statistical agency Eurostat will also present a preliminary estimate of inflation in the euro zone in the past month later in the morning. Inflation in the euro area was 2.6 percent in February.

The European Central Bank (ECB), which previously raised interest rates significantly to combat high inflation, has an inflation target of 2 percent. The central bank will meet again next week in Frankfurt to discuss interest rates. In the financial markets, the ECB is expected to make its first interest rate cut at its meeting in June.

The article is in Dutch

Tags: Rising prices pump inflation percent

-

PREV Zinc maker Nyrstar ‘urgently needs help’ from The Hague, says its CEO
NEXT Zinc maker Nyrstar ‘urgently needs help’ from The Hague, says its CEO | RTL News