In contrast to the US economy, which shrank in size in the second quarter, the GDP of the euro area countries increased by 0.7% over this period (counting all EU states – by 0.6%). Another key indicator – inflation continued to accelerate, increasing on average across the eurozone in July to a new record – up to 8.9% in annual terms. However, the rate of its growth slowed down last month, this also applies to the increase in prices for such a problematic category of goods for Europe as energy resources. .