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Europe Inc. Rings Inflation Alarm With Near-Record Price Hikes

  • Survey shows companies are dealing with a surge in input costs
  • European central bankers say price pickup is likely temporary
Italian Gelato or Ice cream, Florence, Tuscany, Italy
Photographer: Laurie Chamberlain/Corbis Documentary RF
Updated on

Companies across Europe are stepping up price hikes to cope with mounting cost pressure and business disruption, adding to the alarm bells about an inflation spike that could spell trouble for the economy.

A survey Friday showed businesses raised prices at one of the fastest paces this century in July. It came hot on the heels of a chorus of executives at companies making everything from ice cream to industrial robots and chemicals who are feeling the heat from rising raw materials prices and snarled supply chains that’ve sent shipping costs through the roof.