ECB’s Inflation Quest Might Start Looking More Promising: Chart

Euro-area inflation has been below the European Central Bank’s goal of just under 2 percent since early 2013, and until recently, prospects of the rate returning there were slim. But with the economic recovery largely on track before Britons voted to leave the European Union and oil prices seen staying above the lows recorded earlier this year, economists are confident that price growth will accelerate in the coming quarters. They predict a report for the euro area due at 11 a.m. Frankfurt time will show the rate remained steady at 0.1 percent -- still, those estimates predate better-than-expected German data on Thursday.

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