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In July, consumer prices in the euro area increased by 2.1% compared with July last year, after rising by 2% in June, according to the final data of Eurostat. The increase in consumer prices in July this year has been the strongest since December 2012 with the inflation target of the European Central Bank “slightly less than 2% in annual terms”. The indicator coincided with the forecasts of analysts. Compared to the previous month, prices fell by 0.3%. Excluding the price of energy, food and alcohol, consumer prices rose 1.1% in annual terms after rising 0.9% in June. In the European Union, consumer prices increased by 2.2% in annual terms and fell by 0.2% compared with June.
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 ...
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 ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
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