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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.

Shoppers look at festive window decorations at the Galeries Lafayette department store, in Paris, France, on Nov. 24.

Photographer: Nathan Laine/Bloomberg
Updated on

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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.