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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Local analysts said the jump in world oil prices, if sustained, could push up petrol prices another 42c/l in coming months, boosting inflation and slowing down spending in the economy.
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Rising petrol prices were the main driving force behind a rise in UK inflation, official figures show. The Office for National Statistics (ONS) said increasing fuel costs had seen the consumer price index (CPI) rise 0.1% to 1.2% in October.
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Rising household fuel costs and high air fares push up UK inflation during November, according to official figures.
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The biggest jump in gasoline prices in six months helped push inflation at the wholesale level higher in May although inflation outside of energy remained well-behaved.
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Europe's fossil fuel use is rising, but it's not making citizens any happier, an economic report concludes.
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Record oil and food prices kept eurozone inflation at 3.1% in December, says the European Central Bank.
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OTTAWA (CP) - Higher gasoline prices compared with one year earlier helped to drive up the annual inflation rate to 2.4 per cent in November, Statistics Canada said Friday.
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The. nationwide average price for gasoline rose closer to $2 a gallon the last week and diesel fuel hit a new high for a second week, the government said Monday.
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Prices paid to US producers rose more than forecast in May, reflecting a fourth consecutive jump in fuel costs that might foreshadow a broader pickup in inflation.
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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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British Airways and Richard Branson&#39;s Virgin Atlantic Airways say they will raise fuel surcharges following similar moves by major European carriers this week as oil prices surged.
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Surging energy prices drove up the key US inflation gauge more than expected in October, providing one more reason why the market should expect another rate hike from the nation&#39;s central bank next month.
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Inflation accelerated in January as the rising cost of energy, food and transportation led price increases across a broad array of goods and services, complicating the efforts of federal policymakers trying to battle a slowing economy.
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Led by higher food and energy costs, inflation in Spain accelerated to the fastest rate in more than a decade in December even after economic growth slowed.
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Inflation in Germany, the eurozone's biggest economy, looked set to pick up this month as a result of a renewed surge in high oil prices, key regional data showed.
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The European Central Bank will not  hesitate to act to stop higher oil and food prices driving  broader inflation, President Jean-Claude Trichet told a  European Parliament committee on Wednesday.