Eurozone inflation surged to its highest in four years last month.
Consumer prices in the 19 countries using the euro rose by 2.0 percent from February last year – up from January’s 1.8 percent.
Producer prices – the amount that manufacturers charge – jumped to
an annual 3.5 percent rate, from January’s 1.6 percent, indicating
further increases ahead.
However, underlying inflation – that is without volatile energy and
food prices – remained weak, holding steady at 0.9 percent last month,
suggesting prices will fall back down once a surge in the cost of oil
abates.
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Source: euronews.
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