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Macroeconomics  |  July 31, 2012 12:42:00

Eurozone inflation in July remained unchanged at 2.4 pct, a quick estimate


Annual growth in euro area consumer prices in July probably stagnated at 2.4%, said a quick estimate of the Statistical Office. Inflation should remain at the lowest level since February 2011. Analysts expect a change. Quick estimate reflects only the available data of the euro area. While in Germany, the yoy HICP growth stagnated at 2.0% in Italy accelerated by 0.1% to 3.7%. Final figures published by Eurostat on the 16th August. In June, inflation in the euro area remained unchanged at 2.4%. In the same period a year ago was at 2.7%. Mom, prices fell by 0.1%.Adjusted consumer prices, excluding energy, food, alcohol & tobacco in June increased by 0.1% and annual growth stagnated at 1.6%.

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