Changeover to euro not to create hidden pressure

EUROPE - The changeover to the euro should not create hidden inflationary pressures or VAT increase, President of the European Parliament Economic and Monetary Affairs Committee, Christa Randzio-Plath, said, referring to European Central Bank (ECB) statements.

The early increase of some prices was not to be related to the transition to the euro, she added. Retail prices' increase should not affect product prices, except seasonal and promotional pricing.

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