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Euro zone inflation hits 1.8% in September

Euro zone inflation - Prices inch higher
Euro zone inflation - Prices inch higher

Inflation in the euro zone is expected to rise to 1.8% in September, which would be the highest 12-month figure in nearly two years, the European Union said today.

Inflation had slipped to 1.6% in August after hitting 1.7% the previous month, according to the Eurostat data agency.

If confirmed, the latest European Union forecast would mark the highest twelve-month inflation figure since November 2008, when it stood at 2.1% - just above the European Central Bank's core economic target.