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Eurozone Inflation Hits New Record, Further Pressuring ECB
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wsj.comConsumer prices in the eurozone increased at a record pace in the year through December as food prices jumped, presenting a fresh challenge for the European Central Bank as it strives to persuade households and businesses that inflation will return to its target toward the end of this year without a rise in borrowing costs.
The European Union’s statistics agency Friday said consumer prices in December were 5% higher than a year earlier, a pickup from the previous record of 4.9% in November.
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