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German inflation still on disinflationary trajectory in June
The just-released flash estimate of German inflation for June shows that the disinflationary process continues in baby steps and is now spot on the ECB’s target. Headline inflation, both according to the national and European measures, came in at 2.0% year-on-year in June, from 2.1% YoY in May. Core inflation also continued its gradual downward trend and came in at 2.7% YoY, from 2.8% in May. While the ECB discusses the outcomes of its assessment of the monetary policy strategy review and thinks that it is well-prepared for major inflation swings, the reality is that inflation in the eurozone is currently moving ... (full story)
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