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Euro Inflation Slows to 0.3% as ECB Poised to Discuss Stimulus
Euro-area inflation slowed in November to match a five-year low, prodding the European Central Bank toward expanding its unprecedented stimulus program. Consumer prices rose 0.3 percent from a year earlier, the European Union’s statistics office in Luxembourg said today. That was in line with the median forecast of 41 economists in a Bloomberg News survey. Unemployment (UMRTEMU) held at 11.5 percent in October, Eurostat said in a separate report. Continued low inflation is keeping pressure on the ECB’s Governing Council to add to its package of measures aimed at reviving the economy. President Mario Draghi, who ... (full story)