Euro inflation weakened in July

Source: Bloomberg
Euro-area inflation suddenly decelerated this in July to the lowest in nearly five years, emphasizing the ECB's concerns the economy is too weak to boost price growth. The inflation was 0.4% this month compared to 0.5% in June. The inflation rate has consistently been weaker than 1% for the last 10 months, whereas the unemployment rate stayed close to the record high for months.

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