Eurozone Inflation Rate Flat at 1.3% in July


Consumer prices in the Euro Area are expected to increase by 1.3 percent year-on-year in July 2017, the same pace as in the previous month and in line with market expectations, the flash estimate showed. The inflation rate stood at its lowest level since December last year, as prices of services rose at a slower pace while cost of energy grew further.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in July (2.2 percent, compared with 1.9 percent in June), followed by services (1.5 percent, compared with 1.6 percent in June), food, alcohol and tobacco (1.4 percent, stable compared with June) and non-energy industrial goods (0.5 percent, compared with 0.4 percent in June).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, rose to 1.2 percent from 1.1 percent in June.

Eurozone Inflation Rate Flat at 1.3% in July


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/31/2017 9:10:19 AM