Economics
Euro-Area Inflation Tops All Forecasts With Record 4.9%
- Outcome for November exceeds any in history of the euro
- Central bankers insist that current spike is mostly transitory
Shoppers look at festive window decorations at the Galeries Lafayette department store, in Paris, France, on Nov. 24.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
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Euro-area inflation surged to a record for the era of the single currency and exceeded all forecasts, adding to the European Central Bank’s challenge before a crucial meeting next month on the future of monetary stimulus.