Fuel costs raise euro inflation
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Inflation in the eurozone climbed to 2.4% in October as a result of higher fuel prices, the latest official statistics show.
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Air France and KLM ticket prices are to rise after the carriers imposed further surcharges to counter high fuel costs.
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Oil futures prices rose in Europe Thursday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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The euro surged to an all-time high of $1.2987 yesterday, putting pressure on Europe&#39;s largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet
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India's inflation jumped to a two-year high of 6.73 percent, prompting the government to slash diesel and petrol prices and raise expectations of more rate hikes to stabilise prices.
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Higher oil prices pushed up inflation in the UK and sent factory prices in the US to a 15-year high, according to official figures released on both sides of the Atlantic yesterday.
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UK inflation accelerates to its highest for almost a decade, increasing the chances of an interest rate rise next year.
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FRANKFURT : As the euro continued to rise against the dollar, speculation intensified over whether the European Central Bank, meeting this week to set interest rates, would feel compelled to act either by intervening directly on the forex markets or by
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BRUSSELS Inflation in the 12 countries sharing the euro slowed for a second month in July as faltering consumer demand deterred companies from passing on rising energy costs. But economists said higher oil prices may fuel a reversal of that trend as the ...
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Inflation in the dozen nations sharing the euro probably accelerated in December, boosted by higher tobacco taxes in Germany and Italy, a survey of economists showed.
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The euro inched up to a 20-month high against the dollar and touched its highest level ever versus the yen on Monday, boosted by expectations that the European Central Bank will boost interest rates this week.
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Air France becomes the latest major airline to raise ticket prices in response to higher fuel costs.
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Oil futures prices rose in Europe on Friday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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British Airways is to raise its fuel surcharge as a result of the continuing increase in the price of oil.
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European interest rates were on the rise yesterday after the Bank of England announced another increase in borrowing costs and the European Central Bank signalled that eurozone rates were likely to go up in September.
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PSA Peugeot Citroen  Chief Executive Christian Streiff said a strong euro was a handicap for European automakers and would require extra efforts to reduce costs that could involve producing more in low-cost countries.
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Slipping energy prices helped push headline eurozone inflation down to 2.4% in August, official data shows.