Eurozone Services Slowdown: What This Disinflation Signal Means for Your Investments and Business Growth
“Overall, the ECB’s Governing Council will be comfortable with the July report. While food inflation is an emerging concern, it remains to be seen if the recent pickup will be sustained, with little sign of strong upward pressure from global agricultural commodity prices. Meanwhile, services inflation is continuing to fall back to more normal levels. We continue to expect inflation to undershoot the ECB’s 2% target over the coming months, driven by falling oil prices, the stronger euro, and a further normalisation in core inflation.”
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