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rdf:type	schema:NewsArticle
schema:articleBody	Eurozone consumer prices rose in March, official data showed on Wednesday, fuelled by a sudden jump in energy prices and a pick-up in activity despite the lingering pandemic in Europe. Inflation in the 19 countries that use the euro reached 1.3 percent, up from 0.9 percent in February, the EU's Eurostat agency said. Price gains were mainly driven by a hike of 4.3 percent in energy prices, Eurostat said. Over the previous months, energy prices had fallen, sometimes steeply. While temporary, higher inflation would continue until at least the summer, when the expected reopening of the economy will see a sudden jump in demand, said Charlotte de Montpellier, an economist at ING. The hike "is an illustration of the recovery in activity, it is not worrying, because it is temporary," she told AFP. She also pointed to chokepoints in the global supply chain, most visibly demonstrated by the saga of the "Ever Given", the megaship that was stranded in the Suez Canal for six days. European Central Bank chief Christine Lagarde said earlier this month that rising consumer prices were a result of "temporary factors" linked mostly to the pandemic and would not prompt the bank to tighten its ultra-loose monetary policy anytime soon. Indicating that demand was still sluggish in Europe, Eurostat said core inflation, which strips out energy and other more volatile items, fell in March to 0.9 percent, from 1.1 percent in February. arp-aro/dc/bmm
schema:headline	Eurozone inflation keeps rising as energy prices jump
schema:mentions	European Central Bank Montpellier Supply chain Eurozone World energy consumption Eurostat Charlotte Hornets Agence France-Presse Christine Lagarde Inflation European Union Pandemic Core inflation Suez Canal Monetary policy Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-31 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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