Eurozone economy regains momentum this month despite huge price hikes      

Easing of Covid-19 restrictions gave a boost to the service industry,  survey shows

Inflation in the eurozone hit a record high in January and the ECB is under growing pressure to tighten monetary policy. 

The eurozone economic recovery regained momentum this month as an easing of Covid-19 restrictions gave a boost to the dominant service industry, a major monthly survey showed, but consumers faced prices rising at a record rate.

Large swathes of the population are now vaccinated in many European countries and many of the Covid measures have been eased.