Euro zone manufacturing activity accelerated last month as supply chain bottlenecks eased, although the improvement was not evenly spread across member countries and factories still faced high inflationary pressures, a survey showed on Tuesday.

French inflation fell less than expected in January as it eased back from a 13-year high on lower prices for manufactured goods due to winter sales, preliminary EU-harmonised data showed on Tuesday.

Oil prices eased on Tuesday, giving up early gains as investors took profits, although expectations that supply will remain tight amid a limited output increase by major producers and a solid post-pandemic recovery in fuel demand checked losses.

European Union plans to require the aviation sector to use more sustainable fuels are not ambitious enough and the EU should let member states set their own tougher requirements, seven countries have said.

British grocery inflation rose to 3.8% in the four weeks to Jan. 23, with the prices of savoury snacks, crisps and beef rising the most, market researcher Kantar said on Tuesday, underlining the growing cost-of-living squeeze facing many households.

TOKYO (Reuters) -Oil prices climbed on Tuesday, hovering near seven-year highs hit last week, on expectations that a limited production increase by major oil producers and a solid post-pandemic recovery in fuel demand will keep a tight supply condition.