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Macroeconomics  |  August 31, 2012 12:32:00

Eurozone Inflation in August jumped to 2.6 pct, a quick estimate

Annual consumer price inflation in the euro area in August likely to accelerate to 2.6% from 2.4% in July, said a quick estimate of the statistical office. Market estimates change expecting. Quick estimate reflects only data available eurozone countries. While in Germany yoy growth accelerated from 1.9% to 2.2%, in Italy slowed from 3.6% to 3.5%. The final data published by Eurostat 14th September. In July, inflation in the euro area remained unchanged at 2.4% and the lowest level since February 2011. In the same period a year ago was at 2.6%. Mom prices fell by 0.5%.Adjusted consumer prices, excluding energy, food, alcohol & tobacco fell by 0.8% year on year growth accelerated by 0.1% to 1.7%.

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