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Euro-area consumer prices up in relief for ECB after deflation scare

The central bank's latest projections foresee an average inflation rate of zero this year, rising to 1.8 per cent by 2017.


EURO-AREA consumer prices rose for the first time in six months in May, providing respite for European Central Bank (ECB) policymakers after a deflation scare drove them to unleash a trillion-euro stimulus programme.

The 0.3 per cent annual increase exceeded the 0.2 per cent