Euro zone core inflation rises to new high

 The Euro zone (countries using the Euro currency) inflation rate rose to new highs in February.  The core inflation rate excludes price movements in energy, food, alcohol and tobacco.

As long as core inflation is still rising, it is hard for Central Banks (in this case, the ECB) to avoid raising interest rates, even if they are aware that previous rate increases have not yet had an effect on the economy or inflation.  Which risks a deep recession.

Euro zone core inflation rate.  Source:  Trading Economics