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Europe’s inflation eases to 6.9% as energy falls but food up
( ) -q-27- UNDATED (Correspondent Jeremy House) “fell 0.9-percent
Inflation in the 20 countries that use the euro currency have slowed to the lowest level in a year.
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Out-cue: fell 0.9-percent]
TAG: Correspondent Jeremy House reporting. Economists say core inflation increased to a record 5.7-percent. They expect that to push the central bank to keep raising interest rates.
VERBATIM: Energy prices dropped in March, but food costs were still on the rise, keeping pressure on the European Central Bank to keep raising interest rates. Data from the European Union’s statistics agency shows that consumer prices rose 6.9% in March from a year earlier. That’s down from 8.5% in February. Prices for food, alcohol and tobacco rose by 15.4%, while energy prices fell 0.9%.
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Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.
Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.
Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.
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