Euro Zone Inflation Hits Three-Year High, Strengthening Case for ECB Hike
Inflation in the 21 euro-area countries rose to a three-year high, driven by food and energy costs, and was expected to rise further in coming months, the report said.
By Balazs KoranyiEuro zone inflation rose to a three-year high last month on surging food and energy costs and was set to rise further in the coming months, firming up the case for another European Central Bank rate hike in December.Inflation in the 21 nations sharing the euro currency rose to 4.0…