Consumer price growth in the euro area slowed to 2.2% in August, the lowest since July 2021. This is confirmed by preliminary data Eurostat.
The indicator is in line with analysts’ expectations. The consensus forecast had assumed that inflation in the region would slow to 2.2% annually in August from 2.6% annually in July.
The Eurozone is a monetary union of 20 EU countries whose official currency is the euro.
Before that It turned outOne in two people living in Germany does not trust the digital euro and does not plan to use this payment method after its launch. The introduction of the electronic currency is planned for 2025. Germans fear data leaks and lack of control over their spending. Germany is one of the European countries with the highest share of cash use: in 2022, this figure exceeded 60%.
It was before named Europe’s economic outsider.
Source: Gazeta
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