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Europe faces inflation and growth pressure as heatwaves strain economies
Germany’s inflation data and the U.K. GDP report are expected to show how elevated energy costs have affected prices and economic activity.
CNBC World highlighted that record heatwaves are adding strain to Europe’s already costly summer, with heightened energy demand potentially worsening price pressures.
The outlet pointed to upcoming data milestones, including Germany’s inflation figures and the U.K. GDP release, as key tests of how deeply months of elevated energy costs have moved into broader prices.
It also noted that the energy shock has not only fueled inflation concerns, but has weighed on growth, making the data especially important for understanding the economic impact.