Euro Zone Underlying Inflation Dip Likely To Worry ECB

One America News Network | 4/26/2018 | Staff
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BRUSSELS/FRANKFURT (Reuters) – Inflation in the 19 countries sharing the euro rose this month but measures of underlying price pressures dipped unexpectedly, likely fuelling concern at European Central Bank as it prepares to curb stimulus.

With much of its firepower exhausted, the ECB is slowly withdrawing support, hoping it has done enough to kick start growth and inflation, even if price pressures still remain relatively muted.

Consumer - Prices - Euro - Zone - Percent

Consumer prices in the euro zone picked up as expected to 2.1 percent in September from 2 percent a month earlier but excluding the cost of food and energy, the rate fell to 1.1 percent from 1.2 percent.

(Excerpt) Read more at: One America News Network
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