Learn about the recent Euro Zone inflation data and its impact on the European Central Bank (ECB) policy.
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00:00 Welcome to the video on Eurozone inflation. In July, Eurozone inflation fell to 5.3%.
00:06 The decline in inflation eases pressure on the ECB to raise interest rates.
00:12 Core inflation remained unchanged at 5.5%. The housing component of the consumer price
00:20 index eased to the lowest level in almost 2.5 years. Upward pressure also stemmed from price
00:26 inflation for recreation and culture, which ascended to the highest ever recorded at +6.6%
00:32 housing, water, electricity, gas and other fuels, the second largest component in the index,
00:39 eased to the lowest level in almost 2.5 year at +0.8% year on your basis.
00:44 ECB is likely approaching the end of its tightening cycle and will likely pause within
00:49 2023 given the easing inflationary pressure and slowing economy.
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