Annual inflation in eurozone renews record

Annual inflation in 19 eurozone countries, according to preliminary estimates, accelerated to 8.9% in July from 8.6% in June. Inflation in the eurozone has renewed its historical high again, Report informs referring to Eurostat.

Analysts polled by the DailyFX portal expected the indicator to remain at the level of the previous month.

In addition, according to Eurostat, GDP in the second quarter of 2022 grew by 4% in annual terms and by 0.7% in quarterly terms.