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The Independent UK
The Independent UK
National
David McHugh

Inflation ticks up in Europe, complicating the European Central Bank's next move

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Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank's target and complicating the ECB's next decision on whether to cut interest rates and boost growth as the economy struggles to stage a convincing recovery after more than a year of stagnation.

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