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

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

Madrid

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

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