Inflation was moderated in March 2.2% in the eurozone waiting for Trump’s mass tariffs

EUROZONA inflation was moderated a tenth last month in the eurozone until its interannual rate in 2.2%, its lowest level since November. The cost of life would have more than in the region at the gates that the United States announce the «reciprocal» tariffs that it intends to impose in a massive way and whose effects will be visible both in inflation and growth, according to the large majority of experts. Above all, if the region and other affected areas answer Washington with the same forcefulness.

Advanced data this Tuesday by Eurostat, the European Statistics Office, suggest that the prices that would have uploaded the most in the last month would be those of the Services (3.4%, compared to 3.7% in February), followed by food, alcohol and tobacco (2.9%, compared to 2.7% in February). The rate of non -energy industrial goods would have been maintained at 0.6%, while energy would have been 0.7%, compared to 0.2%that came from rising in February.

This inflation data gives some more oxygen to the European Central Bank (ECB) to continue lowering the types at its meeting on April 17. In principle, the entity led by Christine Lagarde was expected to cut its reference rates for the seventh time (not consecutive), which would relieve the situation of the mortgages a little more and allow the bank to reduce the credit to families and companies.

It would be a key movement, especially if a more severe scenario of commercial war is finally confirmed, whose economic impact would be visible in the medium term. At the moment, the underlying inflation, which excludes from its calculation the prices of energy and fresh food for being more volatile, also moderated last month. The rate was reduced two tenths to 2.4%. This reference is key to the ECB because it tends to reflect whether prices tensions are a more structural problem or fruit only of a certain context.

The data, for the moment, give rise to the ECB continuing to lower their interest rates, «although with prudence, unable to determine today the impact that the tariff factor can end up having on inflation,» they argue from Linksecurities. The tariffs They will probably negatively affect economic growth, consumers and marketsthey point out from the manager Janus Henderson, although they emphasize that the possibility that the commercial war ends up triggering a recession «is not the most likely scenario.»