India, Sept. 2 -- Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
Headline inflation climbed to 2.1 percent from 2.0 percent in July, preliminary data from the statistical office Eurostat showed on Tuesday. Economists had expected the rate to remain unchanged for a second month in a row. Inflation was the highest since April when it was 2.2 percent.
Core inflation that excludes prices of energy, food, alcohol and tobacco was steady...