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Euro zone inflation edges higher, hitting ECB’s 2% ta…

Pelican Press

By Pelican Press,
in World News

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Euro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat, meaning consumer prices in the single currency area are now in line with the European Central Bank’s target of 2%. Economists polled by Reuters had expected the reading to come in at 2% in the twelve months to June. Euro zone inflation had fallen by more than expected to 1.9% in May.

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