BRUSSELS—European Union finance ministers will on Monday discuss a surge in consumer prices, its impact on wages, and changes they would like made to the bloc’s budget rules to support investment and reduce debt.
Inflation rose 4.1 percent year-on-year last month in the 19 countries sharing the euro, up from 3.4 percent in September. Ministers are starting to worry that the rise might fuel stronger wage growth, creating an inflationary spiral.
