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Eurozone Inflation Eases, but Core Measure Hits Record High
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wsj.comEurozone inflation eased in February for the fourth straight month, but a strong pickup in services prices makes it likely that the European Central Bank will continue to raise interest rates in coming months.
Despite the overall easing in price rises, inflation accelerated in many of the eurozone’s largest members—including Germany, France and Spain—underlines how difficult a task central bankers face in bringing it back under control. The data comes as strikes and labor unrest across the region are pushing wages higher, something that makes inflation stickier.
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