Financial Times
February 21, 2011
Eurozone inflation pressures have seen the biggest jump in almost a decade as record German manufacturing growth and soaring business confidence power an economic rebound across the region, according to closely-watched surveys.
Prices charged by eurozone companies rose this month at the fastest rate since July 2008, according to purchasing managers’ indices. The acceleration in output price pressures was the biggest since the series started in 2002.
The pick-up showed businesses were taking increasing advantage of robust economic growth to pass higher costs of fuel and raw materials on to their customers. It will heighten concern at the European Central Bank that inflation will remain above its target for longer than previously imagined.
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