Eurozone Inflation July 2019

Eurozone

Eurozone: Inflation inches down in July

August 1, 2019

According to a preliminary estimate released by Eurostat on 31 July, harmonized inflation fell to 1.1% in July, from June’s 1.3%. The result is further below the European Central Bank’s target rate of near, but under, 2.0%. Lower price pressures for energy and services drove the downtick.

Core inflation, which excludes volatile energy and unprocessed foods prices, fell to 1.1% in July from 1.3% in June.

A complete set of data for harmonized inflation will be released 19 August.

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.3% in 2019. For 2020, panelists expect inflation to average 1.5%.


Author: Angela Bouzanis, Lead Economist

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