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Another harbinger of slowing down inflation. Readings better than expected

Another harbinger of slowing down inflation.  Readings better than expected

Another harbinger of slowing down inflation. Readings better than expected

PPI inflation (producer price index) in the euro area in October 2022 slowed down by 30.8%. year to year with 41.9 percent recorded in September and 43.3 percent in August, Eurostat reported on Friday. This reading is better than expected, because the average forecast assumed a slowdown to 31.5 percent.

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