July Inflation Data Announced in Euro Zone and EU

The European Statistical Office (Eurostat) announced the final inflation data of the Eurozone and the European Union (EU) for July.

Accordingly, annual inflation in the Eurozone, which was 2.8 percent in June, increased to 2.9 percent in July. Inflation was 0.2 percent on a monthly basis in July. In July last year, annual inflation in the Eurozone was at 2 percent.

In the preliminary data announced by Eurostat, annual inflation in July was estimated as 2.9 percent and monthly inflation as 0.2 percent.

In the Eurozone, core inflation in July was measured as 2.5 percent on an annual basis and 0 percent on a monthly basis.

In July, annual inflation was 10.3 percent in energy products, 3.3 percent in services, 1.2 percent in food, alcohol and tobacco products, and 0.9 percent in non-energy industrial products.

In the EU, annual inflation, which was 2.9 percent in June, rose to 3 percent in July. Monthly inflation in the EU was 0.2 percent.

Inflation was calculated as 2.8 percent in Germany, 2.4 percent in France, 2.9 percent in Italy and 3.9 percent in Spain in July compared to the same month last year.