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EU producer prices jump Fame it!
Posted on Jul 03 2008 4:30 AM by adeal

European producer prices jumped a record 7.1 percent in May as energy and food costs surged, adding to the European Central Bank's concerns that faster inflation will become embedded in the economy. The annual increase in factory-gate prices in the euro region was the biggest since the series began in 1990 and followed a 6.2 percent gain in April, the European Union statistics office in Luxembourg said yesterday.



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