Eurozone inflation climbs amid oil price rise
The inflation rate in the Eurozone rose to 2.9% in July, after energy prices increased by 10% compared to 8.5% in June. Food prices' growth slowed to 1.2%. Nonetheless, core inflation remained steady at 2.5%, while Lithuania recorded the highest rate at 5.6%, and France and Malta had the lowest at 2%. This comes as the European Central Bank is considering maintaining price stability without harming economic growth, following its decision to keep interest rates unchanged.
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