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Euro zone inflation slipping

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Euro zone inflation slipping

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Inflation in the euro zone fell to 3.6% in September, compared with the same month last year. The rise in consumer prices slowed from August’s 3.8% annual growth and a peak of 4% in July. That was mostly due to a fall in oil prices. However inflation remains much higher than the European Central Bank’s target of around 2%. Analysts said that means it is unlikely there will be a cut in interest rates by the ECB in the near future.