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Euro-Zone Inflation Hits Record as ECB Mulls How Quickly to Hike

  • Consumer prices rose 8.1% from year ago in May; est. 7.8%
  • Central bank is gearing up for first rate hike since 2011
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Euro-Zone Inflation Climbs to Record High in May
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Euro-zone inflation accelerated to an all-time high, intensifying the debate at the European Central Bank about how rapidly to raise interest rates from record lows.