Currency switch blamed for record price rises in Europe_2

Purchasers across Europe faced steep price hikes as suppliers switched to the euro, according to latest figures.

Input prices rose to their highest level for six months. The increase of 4.1 points to 51.3 in the Reuters Eurozone Input Prices index, above the 50 mark that indicates no change, was the largest monthly rise in the survey’s 43-month history.

Prices paid for labour, goods and services expanded most rapidly, up by 5.4 to 57.7. Prices charged by services firms...

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