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Euro zone inflation hits 10-year high ahead of key central bank meeting
Inflation in the euro zone rose again in August, ahead of a crucial European Central Bank meeting in just over a week’s time. Consumer prices increased by 3% this month from a year ago, according to preliminary estimates published Tuesday, after rising by 2.2% in July. It comes after Germany reported on Monday its highest consumer prices since 2008, with a headline inflation rate of 3.4% in August. France also reported its highest inflation rate in nearly three years on Tuesday. The ECB, due to meet Sept. 9, is expected to discuss the future of its asset purchase program as its governing council seems divided about ... (full story)