Euro zone recovers as unemployment drops and inflation jumps

Consumer prices in the euro zone rose by the most since early 2013, putting the spotlight on the ECB

31st January, 2017
ECB president Mario Draghi

Europe's economic recovery is gathering steam as official figures showed higher growth, inflation hitting a four-year high and unemployment falling to its lowest level in nearly eight years, putting the spotlight firmly on the ECB.

Data released by the EU statistics agency Eurostat today showed that inflation jumped to an annual 1.8 per cent in January, from 1.1 per cent the month before. This is the highest level since February 2013 and means inflation is...

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