Euro zone inflation slowed this month, supporting the European Central Bank's assessment that a recent spike may only temporary as, despite years of monetary stimulus, underlying price pressures remain weak.
Inflation in the 19 countries sharing the euro eased to 2.0 percent from 2.1 percent in July, Eurostat said on Friday, undershooting expectations for a steady rate, as the pull from energy and food prices eased.
The ECB targets inflation at just below 2 percent but has undershot for half a decade, even as it cut interest rates deep into negative territory, gave banks ultra cheap cash, and bought trillions of euros worth of debt to stimulate growth.
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