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Eurozone inflation in December hits 3-year high

1.1% figure is double November's 0.6% for the 19-country single currency bloc

Published Wed, Jan 4, 2017 · 09:50 PM

Brussels

INFLATION in the eurozone jumped in December to the highest level in more than three years on the back of surging oil prices, official EU figures showed on Wednesday.

The 1.1 per cent figure for the 19-country single currency area nearly doubled November's 0.6 per cent in a boost for the bloc's fragile economic recovery.