# Euro-Zone Core Inflation at Record Set to Embolden ECB Hawks

> Eurostat revised January euro-area core inflation up to a record 5.3%, with headline inflation at 8.6%. The data is likely to cement an ECB plan for another half-point rate hike in March.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: report · region Europe · magnitude low
- Page: https://feedsoft.ai/events/37540-euro-zone-core-inflation-at-record-set-to-embolden-ecb-hawks
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent inflation reinforces tighter euro-area policy, which supports the euro against the dollar and can soften dollar-denominated commodity demand.

## Read by commodity

- 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 | 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% |
| EURUSD | 2026-03-31 | [Eurozone inflation surges as Iran war triggers energy price spike \| Euractiv](https://feedsoft.ai/events/20372-eurozone-inflation-surges-as-iran-war-triggers-energy-price-spike-euractiv.md) | +0.8% | +2.4% |
| EURUSD | 2020-03-24 | [Euro-Dollar Rate Jumps Above 1.08 As US Services-Sector Confidence Slumps To Record Low](https://feedsoft.ai/events/11348-euro-dollar-rate-jumps-above-1-08-as-us-services-sector-confidence-slumps-to.md) | +2.4% | +1.1% |
| EURUSD | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | +3.0% | +5.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-02-23/euro-zone-core-inflation-at-record-5-3-to-embolden-ecb-hawks

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