Eurozone Inflation Picks Up as Services Prices Accelerate
The annual rate of inflation in the eurozone rose further above the European Central Bank's target in November, making another cut in the key interest rate less likely.
The European Union's statistics agency Tuesday said consumer prices in the 20 countries that share the euro were 2.2% higher than a year earlier, an increase in the annual rate of inflation from the 2.1% recorded in October. The ECB targets an inflation rate of 2%...
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