# Eurozone inflation surges as Iran war triggers energy price spike | Euractiv

> Eurostat data showed euro-zone inflation rose to 2.5% in March from 1.9% in February, below the 2.7% Reuters poll forecast. Core inflation eased from 2.4% to 2.3%, and the increase was attributed to higher energy prices following the Iran war that began February 28.

- Date: 2026-03-31 · published 2026-03-31T12:00:00.000Z
- Category: report · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/20372-eurozone-inflation-surges-as-iran-war-triggers-energy-price-spike-euractiv
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Energy-led inflation keeps ECB tightening expectations alive, supporting the euro against the dollar. Higher fuel and gas costs raise processing and transport expenses for European feed supply chains.

## Read by commodity

- BRENT: bullish ▲
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.0% | +1.1% |
| EURUSD | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | -0.5% | +0.6% |
| EURUSD | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | +1.6% | -1.2% |
| EURUSD | 2023-03-01 | [Euro-Zone Core Inflation at Record Set to Embolden ECB Hawks](https://feedsoft.ai/events/37540-euro-zone-core-inflation-at-record-set-to-embolden-ecb-hawks.md) | -0.3% | +2.3% |
| EURUSD | 2026-07-31 | [Euro zone inflation ticks up in July, bolstering rate hike case](https://feedsoft.ai/events/7688-euro-zone-inflation-ticks-up-in-july-bolstering-rate-hike-case.md) | -0.0% | +1.1% |
| BRENT | 2026-03-26 | [Middle East War to Spark Biggest Energy Price Surge in Four Years](https://feedsoft.ai/events/12730-middle-east-war-to-spark-biggest-energy-price-surge-in-four-years.md) | +4.1% | +3.3% |
| BRENT | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +17.0% | +10.2% |
| BRENT | 2026-04-01 | [Iran war shock drives steepest hike yet in oil price forecasts](https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts.md) | -12.2% | -1.1% |

## Sources

- euractiv.com: https://www.euractiv.com/news/eurozone-inflation-surges-as-iran-war-triggers-energy-price-spike/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.