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Euro-Area Inflation Undershoots Forecast Before ECB Meeting

  • Consumer prices rise 0.2% on year versus estimated 0.3% gain
  • Economic confidence dropped more than anticipated in August
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Will ECB Act on Euro-Area Inflation Disappointment?

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Euro-area inflation failed to accelerate in August, adding to signs that the euro area’s economic outlook deteriorated ahead of a European Central Bank meeting next week.

Consumer prices rose 0.2 percent in August from a year earlier, the European Union’s statistics office in Luxembourg said on Wednesday. The medium estimate in a Bloomberg survey was for an increase of 0.3 percent.