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Inflation hits new record in Europe, slowing economy

Por: ABC News Business October 31, 2022

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FRANKFURT, Germany -- Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia's war in . Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of those higher prices sapping Europeans' ability to spend. Annual inflation reached 10.7% in October, the European Union's statistics agency,... + full article



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