The Traderszone Network

Published in TZ Latest News 29 August, 2014 by The TZ Newswire Staff

Disappearing euro zone inflation set to heighten ECB concerns

BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy intervention. Consumer prices in the 18 countries using the euro rose by just 0.3 percent year-on-year in August, the smallest increase since October 2009, the European Union’s statistics office Eurostat reported.

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