Instituto Gallaecia via flickr
In other words, inflation increased in comparison to June, reaching 2.5%.
The anticipated decrease to 2.4% was predicted by analysts' consensus forecast reported by Trading Economics.
In July, service prices increased by 4% compared to the previous month (June saw a 4.1% rise), while industrial product prices went up by 0.8% (0.7% in June), and food, alcohol, and tobacco prices rose by 2.3% (2.4% in June). Energy prices also increased by 1.3% (0.2% in June).
In July, the CPI Core went up by 2.9%, with food and energy costs excluded from the calculation. Analysts predicted a decrease in core inflation to 2.8%.
Consumer prices remained stable in the previous month following a 0.2% increase in June.
Belgium had the highest inflation rate in the eurozone at 5.5% annually, while Finland had the lowest at 0.6%. Consumer prices increased by 2.6% in Germany and France, 1.7% in Italy, and 2.9% in Spain.
The last information regarding July's inflation will be made public on August 20.
source: ec.europa.eu
The anticipated decrease to 2.4% was predicted by analysts' consensus forecast reported by Trading Economics.
In July, service prices increased by 4% compared to the previous month (June saw a 4.1% rise), while industrial product prices went up by 0.8% (0.7% in June), and food, alcohol, and tobacco prices rose by 2.3% (2.4% in June). Energy prices also increased by 1.3% (0.2% in June).
In July, the CPI Core went up by 2.9%, with food and energy costs excluded from the calculation. Analysts predicted a decrease in core inflation to 2.8%.
Consumer prices remained stable in the previous month following a 0.2% increase in June.
Belgium had the highest inflation rate in the eurozone at 5.5% annually, while Finland had the lowest at 0.6%. Consumer prices increased by 2.6% in Germany and France, 1.7% in Italy, and 2.9% in Spain.
The last information regarding July's inflation will be made public on August 20.
source: ec.europa.eu
