Obstinate euro zone inflation shows no signs of easing

BRUSSELS (Reuters) - High world oil prices offered no respite for the euro zone's stubborn inflation in March as the EU's statistics agency revised upwards an initial reading for the month even at a time when the currency area's economy likely tipped into recession. Consumer prices in the 17 nations sharing the euro were up 2.7 percent in March from a year ago, the EU's statistics office Eurostat said on Tuesday, the same level as in February but up from a first estimate for March of 2.6 percent. ...