Figures confirm euro zone inflation is back

ECB has been hoping for slow pick-up towards target

15th July, 2016
ECB chief Mario Draghi hopes for inflation pick-up Pic: Getty

Official figures have confirmed that inflation returned to the euro area in June, suggesting that European Central Bank stimulus measures may have been starting to filter through to the economy before Britain voted to leave the European Union.

Consumer prices rose 0.1 per cent from a year earlier, the EU statistics office Eurostat said this morning, confirming an initial estimate. This was the first increase since January.

ECB President Mario Draghi has been counting on...

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