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Energy cools euro zone inflation, imports stagnant
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Jul 16, 2012
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BRUSSELS (Reuters) - A sharp fall in energy prices helped cool consumer prices in the euro zone in June and gave the European Central Bank space to cut interest rates this month to try to revive the economy, but stagnant imports highlighted the depth of the downturn. Consumer inflation in the 17-nation euro zone was 2.4 percent in June on annual basis, the EU's statistics office Eurostat said on Monday, confirming its earlier reading in the month and holding steady at a 16-month low. Spelling out in detail the factors behind the inflation trend, Eurostat said energy prices fell 1. ...
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