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Fri 09 Sep 2008Euro zone inflation set to ease - report
Euro zone inflationary pressures are high but are tapering off, a forward-looking indicator of inflation released by the Economic Cycle Research Institute showed today.
The Eurozone Future Inflation Gauge, which aims to predict cyclical turns in inflation within the next six to nine months, fell to 107.2 in July from 108.9 in June, its lowest level in nine months, though still not far off May's eight-year high.
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