FRANKFURT (Reuters) - Euro zone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSFRANKFURT - Euro zone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life for the European Central Bank as it weighs the merits of a pause in rate hikes in the face of a visible slowdown in growth.
Part of their concern is that growth is now fading quickly and the bloc's economy, which has stagnated over the past three quarters, could even slip into recession, with little to drive a rebound. Processed food inflation meanwhile eased to 10.4% from 11.3%. with energy prices down 3.3% after a 6.1% fall a month earlier.
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