European Inflation Accelerates More Than Forecast
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European inflation accelerated more than economists estimated in December on surging energy prices, exceeding the European Central Bank’s limit for the first time in more than two years.
Euro-area consumer prices rose 2.2 percent in December from a year earlier after increasing 1.9 percent in November, the European Union statistics office in Luxembourg said today. That’s the highest rate since October 2008 and above the 2 percent median forecast of 21 economists in a Bloomberg survey.