Inflation ticks up in Europe, complicating the European Central Bank’s next move July 31, 2024 Media-Press-Ent Leave a comment FRANKFURT, Germany (AP) — 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. FILE – A tram drives past the European Central Bank building in Frankfurt, Germany, on May 2, 2023. European Union statistics agency Eurostat is releasing official figures on July inflation. (AP Photo/Michael Probst, File)·Associated Press Finance· (ASSOCIATED PRESS) DAVID McHUGH Wed, Jul 31, 2024, 5:10 AM EDT2 min read
