Eurozone: Eurozone inflation stable in July
July 31, 2017
Harmonized inflation was unchanged in July, according to a flash estimate released by Eurostat on 31 July. Harmonized inflation was 1.3%, mirroring June’s reading and matching market expectations.
According to Eurostat, the main contributor to rising prices in July was higher prices for energy. In addition, prices for food, alcohol and tobacco rose notably, while a slight rise was recorded for prices for non-energy industrial goods. Core inflation inched up from 1.2% to 1.3% in July. Month-on-month price variations and a more detailed set of data will be provided on 17 August.