Euro Zone’s Worst Year of Inflation Probably Ended With Respite
The worst year of inflation in euro-zone history probably ended with a touch of respite as the pace of cost increases returned to single digits, economists say. The initial reading for December due on Jan. 6 will show annual consumer-price gains slowing to 9.5%, from 10.1% the previous month, according to the median of 28 forecasts in a Bloomberg survey. So-called core inflation, which strips out volatile elements such as food and energy, held steady at a record 5%, the economists predict. Consumer-price data have taken on even greater significance in recent months, with European Central Bank officials using such
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