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August 11, 2025
Euro traded at 1.1602 against USD at 9:00 AM PST
Italy's consumer price inflation held steady in July. Consumer price inflation stood at 1.7% in July, the same as in the previous month. The price growth in unprocessed food products accelerated to 5.1% from 4.2%. Inflation based on food items rose slightly to 2.8% from 2.7%. Prices of regulated energy products grew 17.1% versus 22.6% in June.
Meanwhile, prices of unregulated energy products declined 5.2%. Excluding energy and unprocessed food, core inflation held steady at 2.0%. Every month, consumer prices increased by 0.4%. Inflation, based on the HICP, eased slightly to 1.7% from 1.8%. Monthly, the HICP dropped 1.0%. 08/11/2025 - 04:56:00 (RTTNews)
British Pound traded at 1.3412 against USD at 9:00 AM PST
U.K. job placements logged a steep decline in July due to weaker confidence around the economic outlook and rising employment costs. Permanent staff appointments declined sharply in July, and temporary billings registered their biggest fall in five months. Starting salary inflation fell to its lowest since March 2021. Some companies offer greater salaries for highly skilled candidates, while others have a lower demand for staff, greater candidate availability, and concerns around costs weigh on growth.
At the same time, temporary pay inflation eased in July, with wages rising at a marginal pace, which was the slowest in five months. Availability of staff increased further, but the rate of expansion softened slightly from June. Permanent staff supply rose at a quicker pace than for temporary workers. Demand for staff continued to decrease in July. The rate of decrease was the most pronounced in three months and rapid overall. Permanent vacancies dropped at the fastest pace since February, while demand for temporary workers decreased at the steepest rate since April. 08/11/2025 - 05:33:00 (RTTNews)
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