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ECB Gets Mixed Inflation Signals as Draghi Considers QE

Mario Draghi got conflicting signals on inflation in April as the European Central Bank considers taking unprecedented steps as soon as next week to avert the risk of deflation.

The headline annual inflation rate missed forecasts in rising to 0.7 percent from 0.5 percent in March, the European Union’s statistics office in Luxembourg said today. Yet the core rate, which strips out volatile items such as energy, food, alcohol and tobacco, rose in line with estimates to 1 percent, and the price of services increased at the fastest pace in more than a year.