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Euro-Area Inflation Surges to 13-Year High With More to Come

  • Consumer prices rose 3.4% in September, core rate reached 1.9%
  • Debate over duration of price spike is gaining strength
Bloomberg business news
WATCH: The Fed’s Jerome Powell, ECB’s Christine Lagarde, BOJ’s Haruhiko Kuroda and BOE’s Andrew Bailey comment on inflation.Source: Bloomberg
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Inflation in the euro area accelerated more than expected to the highest level in 13 years, adding fuel to a debate over how long the post-crisis spike will last.