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Friday, October 1, 2021

Energy prices drive Europe inflation to highest since 2008


Energy prices drive Europe inflation to highest since 2008



The overall inflation level was boosted by a jolting 17.4% increase in energy prices. Core inflation, which excludes volatile fuel and food, was more modest at 1.9%.

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Interest rates held at 5% but 'on the path down'

Economists are betting on rates being held in September with a cut to come in November instead. from BBC News https://ift.tt/OyPldkf