Timid Inflation Pickup First Clue for Draghi Mulling Action
- Economists predict inflation rate rose to 0.4% in January
- Expectations could suffer from persistent oil-price decline
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Mario Draghi is about to receive his first major clue of 2016 on whether the euro area needs more stimulus.
Inflation picked up to 0.4 percent in January from 0.2 percent the previous month, according to a Bloomberg Surveybefore data due Friday. While that would be the highest rate in 15 months, it’s still only a fraction of the goal of just under 2 percent -- a target the European Central Bank president hasn’t met in nearly three years.