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Post by sevenofnine on Jan 6, 2023 10:40:13 GMT -5
Meanwhile in Euro zone Annual inflation across the eurozone fell back to the single-digit territory and stood at 9.2% at the end of December, according to a flash estimate released by Eurostat on Friday morning. Inflation started easing in November but still stood at 10.1%. It comes as gas prices, one of the main drivers behind last year's record-breaking inflation, returned to pre-war levels amid unusually warm weather. Although the news can be seen as a positive development, the eurozone's inflation rate represents almost five times the 2% target set by the European Central Bank (ECB). www.euronews.com/my-europe/2023/01/06/inflation-in-the-eurozone-falls-back-to-single-digits-as-downward-trend-continues
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