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Consumer prices in the euro area grew by 2% in June in annual terms, reaching the European Central Bank's growth target for the first time since February 2017. This is evidenced by preliminary data from the Statistical Office of Eurostat. The acceleration in the growth rate in the price of energy carriers and food products contributed to the increase in inflation. Energy prices rose by 8% year-on-year, food, alcohol and tobacco - by 2.8%. Without taking into account the price of energy, food and alcohol, the growth in consumer prices in June slowed down in annual terms to 1% from 1.1% in May. At the same time, services rose by 1.3% after the advance in prices by 1.6% a month earlier.
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
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