Eurozone inflation remains at 2 percent in July
After June, annual inflation in the eurozone was 2 percent in July, according to final data released by Eurostat, the statistical office of the European Union, on Wednesday.
The eurozone’s consumer price index was 2 percent on an annual basis for the second consecutive month in July, which is in line with the European Central Bank’s (ECB) 2 percent inflation target.
Services inflation slowed to 3.2 percent from 3.3 percent in June. Meanwhile, the price increase for food, alcohol and tobacco products accelerated from 3.1 percent in June to 3.3 percent, and the price increase for non-energy industrial products accelerated from 0.5 percent to 0.8 percent in July.
Energy prices fell further: after 2.6 percent in June, the decline was 2.4 percent in July.
Meanwhile, core inflation – which excludes energy, food, alcohol and tobacco – remained unchanged at 2.3%, the lowest level in the euro area since January 2022.
In the European Union, consumer price inflation accelerated to 2.4% in July, year-on-year, from 2.3% in the previous month.
The lowest annual rates were recorded in Cyprus (0.1%), France (0.9%) and Ireland (1.6%). The highest annual rates in July were recorded in Romania (6.6%), Estonia (5.6%) and Slovakia (4.6%).
Compared with June, annual inflation fell in eight EU Member States, stagnated in six and rose in thirteen.
Related news
US consumer sentiment worsened in September, according to a University of Michigan survey
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >MNB Director: The rate of price increases may decrease permanently to the central bank’s tolerance band at the beginning of 2026
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >K&H analyst commentary: Hungary can reach its potential level
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Young people, night shopping, average spending of 2,000 forints in two minutes – this is how Auchan GO was launched, which became the Automated Store of the Year
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >From October, pensioner vouchers will be worth more at PENNY
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Responsible for children and young people – Nádudvari supports the promotion of an active lifestyle with 10 million forints
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >