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Eurozone inflation drops back down as food fades

Mar 01, 2018 - City A.M.

INFLATION in the Eurozone fell back in February as food price growth dipped, in a development which will confirm European Central Bank (ECB) bosses' hesitation in signalling a tightening of policy.

Prices grew by 1.2 per cent over the year to February, down from 1.3 per cent in the previous month, according to data published yesterday by the European Commission, in line with economists' expectations.

A marked slowdown in the pace of growth of food, alcohol and tobacco prices - from 1...