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Eurozone prices stop falling

Prices in the Eurozone were unchanged in October from a year earlierEurozone inflation rose to zero percent and out of negative territory in October, official data showed Friday, a level that is still low enough to encourage the European Central Bank to pump up its stimulus. Earlier this month, ECB president Mario Draghi signalled that the central bank could be ready to boost its contested bond-buying programme given low inflation levels across the 19 countries that share the euro. “Although today’s inflation and unemployment data for the eurozone revealed small improvements, they are still very weak by past standards, suggesting that the ECB cannot afford to delay increasing its policy support much longer,” said Jessica Hinds, European economist at Capital Economics.

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