Eurozone final inflation rises 2.4% MoM in March vs. 2.5% expected

• Eurozone inflation arrives at 7.4% YoY in March, misses estimates.
• Monthly HICP in the bloc rises by 2.4% in March.
• EUR/USD keeps gains above 1.0900 on the downbeat Eurozone data.

Eurozone’s Inflation rose 7.4% in March, on a yearly basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading disappointed expectations of 7.5% while against the 7.5% previous. Core figures rose by 2.9%, missing the 3.0% market estimates.