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Euronews
Euronews
Doloresz Katanich

Eurozone inflation hits 3% as oil prices spike and economic growth slows

Annual inflation in the 21 countries that use the euro rose to 3.0% from 2.6% in March, driven by a 10.9% increase in energy prices, the European Union’s statistics agency Eurostat reported on Thursday.

Among the main components, energy recorded the highest annual increase in April at 10.9%, compared with 5.1% in March. This was followed by services at 3.0% (down from 3.2%), food, alcohol and tobacco at 2.5% (up from 2.4%), and non-energy industrial goods at 0.8% (up from 0.5%).

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