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Euro zone inflation revised up to 0.4 percent in August
Euro zone inflation in August was higher than initially estimated, revised data from the European Union's statistics office showed on Wednesday, because prices of services grew more than expected. Consumer inflation in the 18 countries sharing the euro rose 0.1 percent month-on-month in August for a 0.4 percent year-on-year increase, Eurostat said, revising upwards its initial estimate, from Aug. 29, of a 0.3 percent annual gain. Eurostat said that rises in prices in restaurants and cafes, rents and more costly car repairs had the biggest upward impact on the year-on-year inflation, while cheaper fuel, fruit and ... (full story)