Eurozone Inflation Rises to 2.9% in July
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The inflation rate in the eurozone rose to 2.9 percent in July, up from 2.8 percent in June, according to Eurostat's flash estimate. This increase was driven by a 10 percent rise in energy prices, with services inflation also accelerating to 3.3 percent. The rise in inflation reinforces expectations that the European Central Bank will raise interest rates at its September meeting.
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