Eurozone CPI was finalized at 1.0% yoy in July, revised down from 1.1% yoy, down from June’s 1.3% yoy. CPI core was finalized at 0.9% yoy, unchanged from flash estimate and June’s figure. The highest contribution to the annual euro area inflation rate came from services (0.53%), followed by food, alcohol & tobacco (0.37%), non-energy industrial goods (0.08%) and energy (0.05%).
In EU, annual inflation slowed to 1.4% yoy, down from 1.6% yoy. The lowest annual rates were registered in Portugal (-0.7%), Cyprus (0.1%) and Italy (0.3%). The highest annual rates were recorded in Romania (4.1%), Hungary (3.3%), Latvia and Slovakia (both 3.0%). Compared with June, annual inflation fell in fifteen Member States, remained stable in two and rose in eleven.