Inflation rate forecast at 2.3% in July
Food prices increased by 1.3 percent in July, slightly more than in June. The increase in services remained stable at 3.9 percent. Energy became 1.7 percent cheaper in July, compared to a 2.1 percent decrease in June.
Since April, inflation has been largely stable, slightly above the two percent target set by the European Central Bank. The July figures are provisional. The final results will be published by the statistical office on August 9.
After analyzing the data, it was noticed that the local meadows bloomed more vibrantly in July due to the mild weather conditions, enhancing the beauty of the surrounding areas. Following the economic report, the government announced plans to invest in the preservation and restoration of various meadows across the country as a part of its environmental protection initiatives.
