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Euro Zone’s Double-Digit Inflation Is Reckoned to Have Lingered
The euro zone probably endured a second month of double-digit inflation in November, according to analyst forecasts before crucial data awaited by European Central Bank officials. While the overall pace of consumer-price increases is likely to have slowed for the first time in 1 1/2 years, it still stayed above 10%, almost all economists predict. The median of 32 estimates in a Bloomberg survey is for an outcome of 10.4% in the report due Wednesday. “Both headline and core inflation are likely at, or close to, their peaks,” Marco Valli, Loredana Maria Federico and Tullia Bucco, economists at UniCredit in Milan ... (full story)