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The Independent UK
The Independent UK
National
Via AP news wire

Inflation inches up in Europe ahead of interes rate decision

Copyright 2022 The Associated Press. All rights reserved

Europe's painful inflation inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank to unleash another large interest rate increase.

Consumer prices in the 20 countries using the euro currency jumped 7% in April from a year earlier, just down from the annual rate of 6.9% in March, the European Union statistics agency Eurostat said Tuesday.

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