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EU Economy: Euro area annual inflation up to 2.0% - by Katie Martin

Annual inflation in the euro area hit 2 per cent in June, according to a preliminary estimate from the region’s stats office, the highest reading since a spike in April last year.

The reading marks a pick-up from the 1.9 per cent rate logged in the previous month. The European Central Bank targets a rate of close to but below 2 per cent.

For the compltere teport go to the Financial Times

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