Eurozone inflation and monetary policy trends
The developments in this story so far, most recent first.
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· date approximate Development
Eurozone inflation rises to 2.9% in July
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· date approximate Background
Core inflation in the eurozone was 2.4%.
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· date approximate Background
Food, alcohol, and tobacco prices rose 1.5% year-on-year.
In June, reports indicated that prices for food, alcohol, and tobacco in the eurozone rose by 1.5% on a year-on-year basis.
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· date approximate Background
Services inflation in the eurozone was 3.2%.
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· date approximate Background
Energy prices in the eurozone rose by 8.5%.
In June, energy prices across the eurozone experienced an annual increase of 8.5%.
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· date approximate Background
Annual consumer inflation in the eurozone was 2.8%.
In June, annual consumer inflation in the eurozone was recorded at 2.8%. According to flash estimates released by Eurostat, this figure preceded a rise to 2.9% in July.
During this period, specific national data showed varied results; for instance, Germany recorded an inflation rate of 2.8% in July, while the average across the Eurozone stood at 2.9%.