EURO ZONE INFLATION STAYS LOW AT 1.8%
Annual inflation in the 13-nation euro zone currency area eased to 1.8% in July to stay well within the European Central Bank's target area even though economists expect it to raise interest rates next month. The European Union's statistical office Eurostat said the 1.8% annual inflation reading for July was unchanged from its first estimate. It was also in line with forecasts by economists. Annual inflation was 1.9% in June.
Eurostat said prices dropped 0.2% month-on-month in July, also in ine with market expectations.
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