Final July CPI data confirms steady inflation at 2.9% year-over-year, aligning with preliminary estimates and core CPI at 2.5%.
Eurozone inflation remained unchanged at 2.9% year-over-year in July, matching preliminary estimates released earlier. The final data, published by Eurostat, showed no revision from the initial print, while core inflation held steady at 2.5%, also in line with forecasts.
The prior month’s inflation stood at 2.8%, with core CPI at 2.4%, indicating a slight uptick in price pressures. The stability in July’s figures follows recent comments from ECB policymakers, who noted an absence of clear second-round inflation effects.
Markets are closely watching today’s FOMC meeting minutes for further clues on monetary policy, while inflation data remains a key focus in Europe.