79 Days
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Eurozone Inflation Slows to Lowest Level in Three Months
Data from the European Union's statistical office, Eurostat, shows that the inflation rate in the Eurozone has decreased to its lowest level in three months as of June, reaching 2.8% compared to 3.2% in May. Core inflation also declined to 2.4%, with energy prices down to 8.5% and the services sector at 3.2%. On a monthly basis, the Consumer Price Index registered a slight decrease of 0.1%. This slowdown in inflation occurs amid ongoing economic tensions and expectations of delaying European interest rate hikes, amid risks in the Middle East.
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