Europe Inflation Accelerates on Surging Energy Costs
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European inflation accelerated to the fastest in almost two years in October, led by surging energy costs.
Euro-area consumer prices rose 1.9 percent from a year earlier after increasing 1.8 percent in September, the European Union statistics office in Luxembourg said today. That’s the fastest since November 2008 and in line with an estimate published on Oct. 29. Energy prices rose 8.5 percent in October from a year earlier, the biggest gain since May.