Eurozone CPI rose back to 0.4% yoy in July, up from 0.3% yoy, above expectation of 0.2% yoy. CPI core also jumped to 1.2% yoy, up from 0.8% yoy, above expectation of 0.7% yoy. Look at the main components, food, alcohol & tobacco rose 2.0% yoy. Non-energy industrial goods rose 1.7% yoy. Services rose 0.9% yoy. Energy dropped -8.3% yoy.

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