There was no change in inflation in the European Union

The inflation rate has not changed in the European Union nor in the euro area in July – Eurostat reported on Thursday.

According to the statistics from the European Union’s statistical office, consumer prices increased by 1.3 percent in the euro area- in line with the analysts’ expectations – compared to last July. In June, the year-on-year increase in prices was 1.3 percent, while in July last year 0.2 percent. (MTI)