LUXEMBOURG (Reuters) – The acceleration of euro zone inflation, driven energy prices, is mostly temporary and price growth will slow down again next year as forecast by the European Central Bank and the European Commission, euro zone finance ministers agreed on Monday.
Paschal Donohoe, who chaired the talks of the ministers in Luxembourg, told a news conference said there was also agreement that the inflation spike was not an argument against the transition to renewable sources of energy under the EU’s ambitious plan of reducing CO2 emissions to zero by 2050.
(Reporting by Jan Strupczewski)
