Inflation Slows to 3.4% in July
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Insights by Echo AI
Inflation decreased to 3.4% in July, down from 4.4% in June, but prices for housing, fuel, and basic food items remained under pressure. Annual inflation was 3.1% in July 2025, indicating a slowdown in price increases. Housing prices increased by 8.8%, with rents up by 6.8%. Fuel prices surged, with heating oil up by 53.2% and natural gas by 16.7%. Meat prices also rose significantly, with beef up by 14.3% and lamb and goat meat by 12.4%. However, some food items saw price decreases, such as olive oil (down by 21.7%) and fruits (down by 9.4%).
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