
Euro-area consumer prices rose 2.5% year-on-year in March, up from 1.9% in February and the highest since January 2025, the steepest jump since 2022. The Iran war drove energy costs sharply higher, and the reading was just below the 2.6% Bloomberg survey median.
Higher euro-zone inflation raises the likelihood of ECB rate hikes, which can lift the euro and affect feed input costs through energy and currency channels. Energy-driven inflation also raises production and freight costs for feed sectors in Europe.
After 388 past bullish macro events, EURUSD moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
After 323 past bullish macro events, BRENT moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.