Eurozone Final CPI Revised Lower in July

According to Eurostat’s final reading of the Eurozone CPI report for July, the consumer prices came in at 2.2% on a yearly basis, meeting 2.2% expectations. While the core figures rose by 0.7%.

Month-on-month inflation in the region fell 0.1%, in line with the median forecast of economists polled by Reuters.

The higher rate in July was largely due to higher energy prices, which Eurostat said on Wednesday increased 14.3% year-on-year, the highest increase this year.