Eurozone CPI rose from 8.6% yoy to 8.9% yoy in July, above expectation of 8.7% yoy. That’s also another record high. CPI core (all-items ex energy, food, alcohol & tobacco) rose from 3.7% yoy to 4.0% yoy, above expectation of 3.8% yoy.
Looking at the main components inflation, energy is expected to have the highest annual rate in July (39.7%, compared with 42.0% in June), followed by food, alcohol & tobacco (9.8%, compared with 8.9% in June), non-energy industrial goods (4.5%, compared with 4.3% in June) and services (3.7%, compared with 3.4% in June).
