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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Bottles of wine are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A customer shops at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Packages of food are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. Photo by Xinhua/ABACAPRESS.COM/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 (Xinhua) -- A customer shops at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 (Xinhua) -- Bottles of wine are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-INFLATION-MAY

(240531) -- BRUSSELS, May 31, 2024 (Xinhua) -- Packages of food are on display at a supermarket in Brussels, Belgium, on May 31, 2024. The Eurozone's yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union's (EU) statistical bureau. (Xinhua/Zhao Dingzhe)

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AUSTRIA-VIENNA-EUROZONE-FEBRUARY-INFLATION

(240301) -- VIENNA, March 1, 2024 (Xinhua) -- A woman walks past a store in Vienna, Austria, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/He Canling)

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AUSTRIA-VIENNA-EUROZONE-FEBRUARY-INFLATION

(240301) -- VIENNA, March 1, 2024 (Xinhua) -- A customer shops for groceries at a supermarket in Vienna, Austria, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/He Canling)

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BELGIUM-BRUSSELS-EUROZONE-FEBRUARY-INFLATION

(240301) -- BRUSSELS, March 1, 2024 (Xinhua) -- Customers shop at a supermarket in Brussels, Belgium, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-FEBRUARY-INFLATION

(240301) -- BRUSSELS, March 1, 2024 (Xinhua) -- A customer shops at a supermarket in Brussels, Belgium, on March 1, 2024. Yearly inflation in the eurozone is expected to drop to 2.6 percent in February, down from 2.8 percent in January, according to data published by Eurostat on Friday. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-DECEMBER-INFLATION-REBOUND

(240105) -- BRUSSELS, Jan. 5, 2024 (Xinhua) -- People walk past a grocery store in Brussels, Belgium, on Jan. 5, 2024. The eurozone's yearly inflation rate rebounded in December after a steady decline in recent months, reaching 2.9 percent compared to 2.4 percent in November, according to a flash estimate published on Friday by Eurostat. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-DECEMBER-INFLATION-REBOUND

(240105) -- BRUSSELS, Jan. 5, 2024 (Xinhua) -- A pedestrian walks past a store in Brussels, Belgium, on Jan. 5, 2024. The eurozone's yearly inflation rate rebounded in December after a steady decline in recent months, reaching 2.9 percent compared to 2.4 percent in November, according to a flash estimate published on Friday by Eurostat. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-DECEMBER-INFLATION-REBOUND

(240105) -- BRUSSELS, Jan. 5, 2024 (Xinhua) -- A man fuels a vehicle at a gas station in Brussels, Belgium, on Jan. 5, 2024. The eurozone's yearly inflation rate rebounded in December after a steady decline in recent months, reaching 2.9 percent compared to 2.4 percent in November, according to a flash estimate published on Friday by Eurostat. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-DECEMBER-INFLATION-REBOUND

(240105) -- BRUSSELS, Jan. 5, 2024 (Xinhua) -- People walk past a store in Brussels, Belgium, on Jan. 5, 2024. The eurozone's yearly inflation rate rebounded in December after a steady decline in recent months, reaching 2.9 percent compared to 2.4 percent in November, according to a flash estimate published on Friday by Eurostat. (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- Customers buy bread at a supermarket in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A customer buys vegetables at a supermarket in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A man walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

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Greek gov't announces measures to tackle greedflation

STORY: Greek gov't announces measures to tackle greedflation DATELINE: Sept. 21, 2023 LENGTH: 0:01:21 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of Greek Development Minister Kostas Skrekas at a press briefing in Athens 2. various of the Athens Municipality fish market 3. various of the Athens Municipality meat market 4. various of the Athens Municipality fruit market STORYLINE: Greece's Development Minister Kostas Skrekas announced a set of measures on Wednesday aimed at combating "greedflation," the practice of exploiting inflation to generate excessive profits, the Greek national news agency AMNA reported. "Although inflation has decreased in recent months, inflationary pressures remain in certain categories of goods and mainly food products. As a result, Greek households are having a hard time," Skrekas told a press briefing in Athens. According to the latest Eurostat data, Greece's annual inflation rate was 3.5 percent this August, and dropped from 13 percent in July to 10.8 percent in

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BELGIUM-ANTWERP-EUROZONE Q2 GDP

(230731) -- ANTWERP (BELGIUM), July 31, 2023 (Xinhua) -- People walk past sale signs in Antwerp, Belgium, on July 31, 2023. The eurozone's gross domestic product (GDP) grew by 0.3 percent in the second quarter of 2023 compared to the previous quarter, according to a flash estimate published on Monday by Eurostat, the statistical office of the European Union (EU). (Xinhua/Zheng Huansong)

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BELGIUM-ANTWERP-EUROZONE Q2 GDP

(230731) -- ANTWERP (BELGIUM), July 31, 2023 (Xinhua) -- People walk past sale signs in Antwerp, Belgium, on July 31, 2023. The eurozone's gross domestic product (GDP) grew by 0.3 percent in the second quarter of 2023 compared to the previous quarter, according to a flash estimate published on Monday by Eurostat, the statistical office of the European Union (EU). (Xinhua/Zheng Huansong)

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BELGIUM-ANTWERP-EUROZONE Q2 GDP

(230731) -- ANTWERP (BELGIUM), July 31, 2023 (Xinhua) -- People walk past sale signs in Antwerp, Belgium, on July 31, 2023. The eurozone's gross domestic product (GDP) grew by 0.3 percent in the second quarter of 2023 compared to the previous quarter, according to a flash estimate published on Monday by Eurostat, the statistical office of the European Union (EU). (Xinhua/Zheng Huansong)

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Technical recession in Eurozone "not something to worry about": Spanish economist

STORY: Technical recession in Eurozone "not something to worry about": Spanish economist DATELINE: June 17, 2023 LENGTH: 00:01:47 LOCATION: Madrid CATEGORY: TECHNOLOGY SHOTLIST: 1. various of Sergi Basco, an associate professor of economics at Barcelona University 2. SOUNDBITE (Spanish): SERGI BASCO, Associate professor of economics at Barcelona University STORYLINE: The report by Eurostat last week that the Eurozone entered a technical recession at the start of 2023 after the economy shrank by 0.1 percent for a second consecutive quarter is "not something we have to worry about," Sergi Basco, an associate professor of economics at Barcelona University, told Xinhua in an interview on Friday. SOUNDBITE (Spanish): SERGI BASCO, Associate professor of economics at Barcelona University "The fall in GDP is what the European Central Bank (ECB) wants and it's not something we have to worry about. This is what always happens: when interest rates are high, the economy slows, and that's where we are right now. There

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Low birth rates problematic for ageing EU population: Spanish expert

STORY: Low birth rates problematic for ageing EU population: Spanish expert DATELINE: March 21, 2023 LENGTH: 00:01:56 LOCATION: BARCELONA, Spain CATEGORY: SOCIETY SHOTLIST: 1. SOUNDBITE 1 (Catalan): ALBERT ESTEVE, Director of the Center for Demographic Studies (CED) in Barcelona 2. SOUNDBITE 2 (Catalan): ALBERT ESTEVE, Director of the Center for Demographic Studies (CED) in Barcelona 3. SOUNDBITE 3 (Catalan): ALBERT ESTEVE, Director of the Center for Demographic Studies (CED) in Barcelona 4. SOUNDBITE 4 (Catalan): ALBERT ESTEVE, Director of the Center for Demographic Studies (CED) in Barcelona 5. SOUNDBITE 5 (Catalan): ALBERT ESTEVE, Director of the Center for Demographic Studies (CED) in Barcelona 6. SOUNDBITE 6 (Catalan): ALBERT ESTEVE, Director of the Center for Demographic Studies (CED) in Barcelona STORYLINE: The average age of the European population has gone up by 2.5 years in the past decade, according to Eurostat data published recently. In Spain, the average age has climbed by 4.3 years, the

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- People shop at a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- People walk past a store in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- People visit a shopping mall in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- A woman visits a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- A price board is seen at a gas station in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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GERMANY-BERLIN-EUROZONE-INFLATION-SLOWING

(230201) -- BERLIN, Feb. 1, 2023 (Xinhua) -- A woman walks past a store with discount signs in Berlin, Germany, on Feb. 1, 2023. Annual inflation in the eurozone is projected to fall to 8.5 percent in January from 9.2 percent in December 2022, according to a flash estimate published on Wednesday by Eurostat, the European Union's (EU) statistical bureau. (Photo by Stefan Zeitz/Xinhua)

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Spain's unemployment rate stands at 12.4 pct, uncertainty remains

STORY: Spain's unemployment rate stands at 12.4 pct, uncertainty remains DATELINE: Jan. 12, 2023 LENGTH: 00:01:33 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of Barcelona 2. SOUNDBITE (Spanish): JAVIER DIAZ-GIMENEZ, Professor of economics at IESE Business School 3. various of Barcelona STORYLINE: Eurostat on Monday released employment data for Europe, and among the 27 member states of the European Union (EU), the highest unemployment rate was in Spain, which stood at 12.4 percent. Javier Diaz-Gimenez, professor of economics at IESE Business School, said the reason for Spain's high unemployment rate is the seasonality in the Spanish labor market due to the predominance of the tourist industry. SOUNDBITE (Spanish): JAVIER DIAZ-GIMENEZ, Professor of economics at IESE Business School "The situation is far from critical or worrying. The minimum wage is rising and is now over a thousand euros. Obviously, there are many people in Spain with low salaries or short or part-time contracts, but

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BELGIUM-BRUSSELS-EURO AREA-ECONOMY

(230107) -- BRUSSELS, Jan. 7, 2023 (Xinhua) -- Pedestrians walk on a business street in Brussels, Belgium, Jan. 3, 2023. Inflation in the eurozone is expected to have dropped for a second consecutive month in December 2022 to 9.2 percent year-on-year, according to preliminary data published by Eurostat, the statistical office of the European Union (EU), on Friday. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EURO AREA-ECONOMY

(230107) -- BRUSSELS, Jan. 7, 2023 (Xinhua) -- EU flags are seen outside the European Commission in Brussels, Belgium, Jan. 6, 2023. Inflation in the eurozone is expected to have dropped for a second consecutive month in December 2022 to 9.2 percent year-on-year, according to preliminary data published by Eurostat, the statistical office of the European Union (EU), on Friday. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EURO AREA-ECONOMY

(230107) -- BRUSSELS, Jan. 7, 2023 (Xinhua) -- Pedestrians walk on a business street in Brussels, Belgium, Jan. 3, 2023. Inflation in the eurozone is expected to have dropped for a second consecutive month in December 2022 to 9.2 percent year-on-year, according to preliminary data published by Eurostat, the statistical office of the European Union (EU), on Friday. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EURO AREA-ECONOMY

(230107) -- BRUSSELS, Jan. 7, 2023 (Xinhua) -- EU flags are seen outside the European Commission in Brussels, Belgium, Jan. 6, 2023. Inflation in the eurozone is expected to have dropped for a second consecutive month in December 2022 to 9.2 percent year-on-year, according to preliminary data published by Eurostat, the statistical office of the European Union (EU), on Friday. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EUROZONE-INFLATION

(221105) -- BRUSSELS, Nov. 5, 2022 (Xinhua) -- A vender prepares products at a market in Brussels, Belgium, Nov. 4, 2022. Inflation in the 19-member eurozone is expected to climb to a record high of 10.7 percent in October, a figure driven largely by higher energy prices, according to a flash estimate from Eurostat on Monday. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EUROZONE-INFLATION

(221105) -- BRUSSELS, Nov. 5, 2022 (Xinhua) -- A customer looks at flowers at a market in Brussels, Belgium, Nov. 4, 2022. Inflation in the 19-member eurozone is expected to climb to a record high of 10.7 percent in October, a figure driven largely by higher energy prices, according to a flash estimate from Eurostat on Monday. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EUROZONE-INFLATION

(221101) -- BRUSSELS, Nov. 1, 2022 (Xinhua) -- Customers line up at a frites shop in Brussels, Belgium, on Oct. 31, 2022. Inflation in the 19-member eurozone is expected to continue rising in October, hitting double digits, against the backdrop of slowing economic growth in the third quarter of 2022, Eurostat, the European Union's (EU) statistical office, said in a flash estimate on Monday. (Xinhua/Zheng Huansong)

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Bread prices increase by 18 pct YoY in August across EU

STORY: Bread prices increase by 18 pct YoY in August across EU DATELINE: Oct. 1, 2022 LENGTH: 00:01:26 LOCATION: LYON, France CATEGORY: ECONOMY SHOTLIST: 1. various of bread products and price tags 2. various of a bread being sliced STORYLINE: A report recently published by Eurostat, the statistical office of the European Union (EU), showed that the average price of bread in the EU rose by 18 percent in August 2022 than a year earlier, as the Russia-Ukraine conflict continued to disrupt global markets. Among members of the EU, Hungary saw the highest increase in the average bread price in August, up by 66 percent, while France saw the lowest increase at 8 percent. According to Eurostat, the average price of bread rose 3 percent year on year in August 2021. Russia and Ukraine are both major exporters of grains and fertilizers. Xinhua News Agency correspondents reporting from Lyon, France. (XHTV)

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France to face significant potato supply shortage

STORY: France to face significant potato supply shortage DATELINE: Sept. 8, 2022 LENGTH: 00:02:21 LOCATION: SAINT-ETIENNE, France CATEGORY: ECONOMY SHOTLIST: 1. various of potatoes in supermarkets 2. various of potato planting 3. various of potatoes STORYLINE: Potato, a favorite vegetable of the French, could experience a shortage this year because of the exceptional drought that hit Europe this summer. The French National Union of Potato Producers estimates that nearly 1.5 million tonnes of potato could be lost on French soil this year, with a loss of around 250 million euros. According to data released in August 2021 by EuroStat, France was the third-largest producer of potatoes in Europe in 2020, which accounted for 15.7 percent of EU production. Xinhua News Agency correspondents reporting from Saint-Etienne, France. (XHTV)

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Russia-Ukraine conflict's fallout shadows Europe's growth prospects

STORY: Russia-Ukraine conflict's fallout shadows Europe's growth prospects DATELINE: June 2, 2021 LENGTH: 0:01:38 LOCATION: Madrid/Athens CATEGORY: POLITICS SHOTLIST: 1. various of streets, gas stations and supermarkets in Europe 2. SOUNDBITE (Catalan): LOLA EXPOSITO, Taxi driver in Spain 3. SOUNDBITE (Greek): DIAMANTIS ZOURNAS livestock breeder in Greece STORYLINE: Soaring prices are expected to limit economic growth in Europe this year, with gross domestic product estimates for 2022 being lowered across the continent. Prices in Europe started climbing late last year, pushed mostly by supply chain issues. But the conflict between Russia and Ukraine, which started in late February, had an immediate impact on energy prices, putting further upward pressure on prices for transport, industry, food and heating. Consumer prices in the eurozone rose by an average of 8.1 percent in May, the highest annual level since the creation of the common currency in 1999, Eurostat, the statistical office of the Europe

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EU-EUROZONE-INFLATION

(220602) -- FRANKFURT, June 2, 2022 (Xinhua) -- Photo taken on June, 1 2022 shows the Euro sculpture in Frankfurt, Germany. Inflation in the eurozone in May reached its highest annual level since the creation of the common currency, with consumer prices rising a whopping 8.1 percent, Eurostat, the statistical office of the European Union (EU), said in a flash estimate on Tuesday. (Xinhua/Lu Yang)

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EU-EUROZONE-INFLATION

(220602) -- FRANKFURT, June 2, 2022 (Xinhua) -- Photo taken on June, 1 2022 shows the Euro sculpture in Frankfurt, Germany. Inflation in the eurozone in May reached its highest annual level since the creation of the common currency, with consumer prices rising a whopping 8.1 percent, Eurostat, the statistical office of the European Union (EU), said in a flash estimate on Tuesday. (Xinhua/Lu Yang)

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ITALY-INFLATION RATE

(220501) -- ROME, May 1, 2022 (Xinhua) -- People ride scooters past the building of the Bank of Italy in Rome, Italy, on May 1, 2022. The inflation rate in Italy reached 6.6 percent in April, according to a flash estimate released by Eurostat, the statistical office of the European Union. (Xinhua/Jin Mamengni)

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ITALY-INFLATION RATE

(220501) -- FLORENCE, May 1, 2022 (Xinhua) -- A woman works at the Mercato Centrale in Florence, Italy, on April 14, 2022. The inflation rate in Italy reached 6.6 percent in April, according to a flash estimate released by Eurostat, the statistical office of the European Union. (Xinhua/Jin Mamengni)

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ITALY-INFLATION RATE

(220501) -- ROME, May 1, 2022 (Xinhua) -- customers shop at a supermarket in Rome, Italy, on May 1, 2022. The inflation rate in Italy reached 6.6 percent in April, according to a flash estimate released by Eurostat, the statistical office of the European Union. (Xinhua/Jin Mamengni)

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ITALY-INFLATION RATE

(220501) -- FLORENCE, May 1, 2022 (Xinhua) -- Customers shop at the Mercato Centrale in Florence, Italy, on April 14, 2022. The inflation rate in Italy reached 6.6 percent in April, according to a flash estimate released by Eurostat, the statistical office of the European Union. (Xinhua/Jin Mamengni)

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ITALY-INFLATION RATE

(220501) -- ROME, May 1, 2022 (Xinhua) -- Customers buy pizza in Rome, Italy, on May 1, 2022. The inflation rate in Italy reached 6.6 percent in April, according to a flash estimate released by Eurostat, the statistical office of the European Union. (Xinhua/Jin Mamengni)