Eurozone inflation soars to 3% as Iran war drives up energy prices

ECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

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Inflation across the eurozone has soared to 3% this month as the Iran war drove up energy prices, and growth stumbles.

Consumer prices rose by 3% a year across the single currency bloc in April, new data from statistics body eurostat showed on Thursday morning, up from 2.6% in the year to March, and 1.9% in February.