Eurozone inflation hits 6-month high before oil price spike 0 SHARES Share it! The core inflation rate, which strips out volatile items such as tobacco and energy, held steady at 1.3%. The rise in tensions has seen the price of oil and gold jump, while stock markets have taken a hit. “Without material improvement in business confidence and the growth outlook, continued modest price growth seems the most likely scenario for the moment,” said Bert Colijn, senior eurozone economist at ING. Even before the recent increase, energy prices were contributing to a rise in eurozone inflation.

Source: Manila Bulletin January 07, 2020 11:03 UTC