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Euro-zone inflation slips in August - - by AOIFE WHITE
Inflation in the 12 nations that use the euro fell to an annual rate of 2.3 percent in August, the EU statistical agency Eurostat said Thursday. Year-on-year inflation had slipped to 2.4 percent in July after hitting a high of 2.5 percent in May and June -- largely on the back of high oil prices but also because of Europe's accelerating economy after years of little growth. However, two other economic reports published by the European Commission on Thursday reported declines in business confidence and business expectations in the months ahead -- backing a European Union forecast of flatter growth by the end of the year.
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