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Eurozone inflation rises to peak
Eurozone inflation rose to 4% in October, up from 3.8% in September, its highest level in three years, according to Eurostat’s preliminary estimates. The increase was attributed to a surge in energy prices, which rose by 20.8%, compared with 18.9% the previous month, amid the conflict in the Middle East. Price increases also accelerated for services, to 3.3%, and food, to 1.6%.
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