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Euro-Area Inflation Climbs Faster Than Expected on Energy Surge

  • Consumer prices rose 5.9% in February; initial est. 5.8%
  • Energy jumped 32%, most since data collection started in 1997
Energy prices are up 32% from the previous year. 

Energy prices are up 32% from the previous year. 

Photographer: Krisztian Bocsi/Bloomberg

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A record surge in energy boosted euro-area inflation more than initially reported in February, adding to the European Central Bank’s challenge to scale back monetary stimulus when uncertainty about the economic fallout of the war in Ukraine is high.