The surge in inflation in the euro zone is still mostly temporary but households and firms will start to lift their price expectations if it lasts much longer, European Central Bank policymaker Olli Rehn said on Tuesday.
Inflation in the euro zone hit 3.4% last month according to flash estimates amid higher energy prices and supply constraints pushing up the price of a range of goods.
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ECB's Rehn warns of risk if inflation surge lasts much longer - Metro US