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Euro zone inflation stuck in 'danger zone', keeps pressure on ECB
A shock drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene should prices not rebound. The year-on-year inflation rate in the 18 countries sharing the euro was 0.5 percent in March against 0.7 percent in February, the European Union's statistics office Eurostat said. The biggest rise in prices was observed for tobacco, restaurants and bars as well as milk, cheese and eggs, while lower prices were recorded for heating oil, telecommunications and fuel. There was a stark disparity across the eurozone with ... (full story)