economy
April 30, 2026
Eurozone inflation soars to 3% as Iran war drives up energy prices
ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February
TL;DR
- Eurozone inflation reached 3% in April, up from 2.6% in March.
- Energy prices increased by 10.9% year-on-year.
- Economic growth in the eurozone slowed to 0.1% in the first quarter.
- Germany reported 0.3% growth, exceeding forecasts.
- France recorded no economic growth.
- The European Central Bank kept interest rates on hold.
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