Eurostat released euro area August CPI figures which were largely in line with expectations despite a massive stimulus programme of bond buying. Increases in food, alcohol and tobacco prices offset energy price falls to produce annual CPI figure instead of 0.1%, down from July’s annual figure of 0.2%. Core annual August CPI rose 0.9%, down from the 0.8% recorded in July. ANZ said while activity data has improved, “tepid inflation”...