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German inflation elevated in July pushed by larger power costs as Russia additional lowered gasoline flows, Reuters reported. Client costs elevated by 8.5 p.c on the yr, the federal statistics workplace mentioned on Thursday. Vitality costs have been 35.7 p.c larger in July towards the identical month final yr, and meals costs went up 14.8 p.c within the EU’s largest economic system, each including to excessive inflation, the statistics workplace mentioned.
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