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Eurozone inflation creeps up to 2.6% in July
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investmentweek.co.ukA dramatic jump in energy inflation was one of the key instigators of this inflation, rising from 0.2% to 1.3%, according to data from Eurostat. Non-energy industrial goods also climbed marginally from 0.7% to 0.8%, while services inflation, which has remained sticky across the Eurozone, US and the UK, nudged down from 4.1% to 4%, back to its February and March levels. Food, alcohol and tobacco prices for consumers also fell slightly to 2.3%, compared to 2.4% a month before. European Central Bank stands firm as it holds interest rates at 3.75% Prior to the inflation reading, t...
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Read more on investmentweek.co.ukAbout this in other media
Fed rate cut hopes stay alive as July core inflation eases investmentnews.com /4 months ago
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Inflation rises 2.9% in July, less than expected foxbusiness.com /4 months ago
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