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Inflation hits 3% in Europe as Iran war spreads oil price shock

FRANKFURT, Germany (AP) — Soaring oil prices from the Iran war pushed inflation higher in Europe in April, as growth continued to underperform in a worrying combination both for consumers and policymakers at the European Central Bank. Annual inflation in the eurozone — the 21 countries that use the shared euro currency — rose to 3% from 2. 6% in March, fueled by a 10. 9% increase in energy prices, the European Union statistical agency Eurostat reported Thursday. Crude oil is trading $120...

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