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Oil fuels euro zone inflation


Oil fuels euro zone inflation


As expected, euro zone inflation jumped in December.

Economists said that was mainly due to the effect of more expensive oil.

The European Union’s statistics office Eurostat estimated that consumer prices in the 16 countries using the euro rose 0.9 percent year-on-year in December.

That is still far below the European Central Bank’s inflation target of under, but close to, two percent.

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