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Euro zone inflation slows

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Euro zone inflation slows

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Euro zone consumer prices rose by a smaller-than-expected 0.9 per cent year-on-year in February.

That is according to the first estimate from the European Union’s statistics office.

It slowed from January’s one percent gain.

There are no details or breakdown available with the flash estimate.

The main factor was energy prices which declined from a year earlier.

The European Central Bank wants to keep inflation just below two per cent in the medium term.

ECB policymakers meet to decide on interest rates on Thursday.