Euro-Area Inflation Picks Up to Fastest in More Than a Year
- Price growth picks up more than forecast to meet ECB goal
- Boost came from energy costs after rise in oil prices
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Euro-area inflation hit the fastest pace in more than year, some good news for European Central Bank officials debating the future policy path just as turmoil in Italy revives memories of the debt crisis.
The 1.9 percent rate, effectively in line with the ECB’s goal, was up from just 1.2 percent in April and above the 1.6 percent reading forecast by economists. The core measure rose to 1.1 percent, also better than anticipated.