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Eurozone inflation unchanged in August

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By Euronews
Eurozone inflation unchanged in August

<p>Inflation in the Eurozone in August was stable at the same level year-on-year as the previous month, defying forecasts of a slowdown.</p> <p>Much cheaper energy prices were partially offset by higher prices for unprocessed food and services. Inflation rose by 0.2% in August, whereas the markets had predicted 0.1%.</p> <p>If the volatile energy and unprocessed food figures are stripped out, Eurozone core inflation in August was 0.9%, again the same as in July.</p> <p>Low inflation means less pressure on interest rates to rise, but once the oil price crash has worked its way through the system, it will likely pick up again.</p>