RealNews

EU says inflation to jump more than a full point to 3.2 pct

The European Union expects inflation to rise by more than a full point this year to 3.2 percent, pushed higher by soaring energy and food prices. Record-high prices for food, oil and metals risk driving cost increases beyond last year’s inflation of 2.1 percent, and now threaten to increase production costs for other goods as well, the EU warned Monday. Full Story

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