ZURICH (MaceNews) – Inflation in the euro area rose 2.2 percent from a year ago in July, rising from 1.9 percent through June, final figures released by Eurostat showed Wednesday.
Energy prices rose 14.3 percent in July, revised up from the flash estimate of 14.1 percent, with the rate increasing from 12.6 in June. Without taking into account energy, prices rose 0.9 percent from a year ago, the data showed.
Narrow core prices which exclude energy, food, alcohol and tobacco rose 0.7 percent in July from the same period last year.
The results for both headline inflation and the narrow core measure were in line with the median forecasts of 2.2 and 0.7 percent annual gains, respectively, according to the median results of an Econoday survey of economists’ forecasts.
Inflation by sector:
- Food, alcohol and tobacco +1.6% Y/y
- Processed food, alcohol and tobacco +1.5% Y/y
- Unprocessed food +1.9% Y/y
- Energy +14.3% Y/y
- Non-energy industrial goods +0.7% Y/y
- Services +0.9% Y/y
Inflation among the major euro-area economies:
• Germany: +3.1% Y/y; +0.5% M/m
• France +1.5% Y/y; +0.1% M/m
• Italy + 1.0% Y/y; -1.0% M/m
• Spain +2.9% Y/y; -1.2% M/m
• Netherlands +1.4% Y/y; +0.6% Y/y
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