Eurozone: Consumer price pressures rise in July
July 29, 2016
Inflation continued to rise in July, although remains at weak levels. According to a flash estimate released by Eurostat on 29 July, harmonized inflation—measured by the harmonized index of consumer prices—tallied 0.2% in July. The result followed June’s 0.1% reading and was above market analysts’ expectations of 0.1%.
According to Eurostat, the main contributor to July’s reading was food, alcohol and tobacco. In addition, prices of services rose faster than in June. Core inflation remained stable at 0.8% in July. Month-on-month price variations and a more detailed set of data will be provided on 18 August.