BREAKING NEWS

BREAKING NEWS

Prices in the Euro Zone rise indicating recovery

Now Reading:

Prices in the Euro Zone rise indicating recovery

Text size Aa Aa

Consumer prices in the Euro zone have gone up for the first time in seven months, led by jumps in energy costs as the economy shows signs of recovery.

Prices in the 16 nations that use the euro rose by 0.6 per cent from last year. The increase is just above what economists expected. However, companies continue to reduce costs and cut jobs to increase revenues.