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Euro-Zone Inflation Hits Record, Backing Calls for Larger Hikes

  • Consumer prices jumped 8.9% in July; economists estimated 8.7%
  • Latest all-time high coincides with growing recession fears
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Euro-Zone Inflation Climbs to Record High in July

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Euro-zone inflation climbed to another all-time high, supporting calls for the European Central Bank to follow up its first interest-rate hike since 2011 with another big move.