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Eurozone core inflation seen moving sideways despite higher oil

Morgan Stanley economists say Eurozone core inflation is set to move sideways in the coming months, even as higher oil-and-gas prices lift the headline rate.

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Eurozone core inflation is set to move sideways in the next few months, even as higher oil-and-gas prices push the headline rate higher, Morgan Stanley economists say in a note.

Goods inflation is likely to strengthen further on the back of some transmission from higher energy costs, they say.

Howe…