The European Commission today raised its economic growth forecast slightly for the Eurozone and the European Union in 2011, but warned inflation would also exceed the previous forecast. According to the latest interim economic forecast, the eurozone economy will grow 1.6 percent and the European Union economy 1.8 percent in 2011, both 0.1 percentage point higher than estimated in the autumn forecast. Due to the surge in energy and commodity prices, inflation was revised up to 2.2 percent in the Eurozone, from the previous 1.8 percent. The interim economic forecast was based on data from France, Germany, Italy, the Netherlands, Poland, Spain and Britain, which together represent 79 percent of European Union and almost 83 percent of euro area gross domestic product.