According to Eurostat’s final reading of Euro-zone inflation figures, the headline CPI came in to show 2.1% y/y rise in July, matching the flash estimate. The core figures – excluding food, energy, alcohol, and tobacco, also matched the original estimate of 1.1% y/y increase in prices.
On a monthly basis, both the headline and core CPI were revised lower to -0.3% and -0.5% for July, down from 0.1% and 0.0% estimated previously.
Key Details (via Eurostat):
“The lowest annual rates were registered in Greece (0.8%), Denmark (0.9%) and Ireland (1.0%). The highest annual rates were recorded in Romania (4.3%), Bulgaria (3.6%), Hungary (3.4%) and Estonia (3.3%). Compared with June 2018, annual inflation fell in nine Member States, remained stable in six and rose in thirteen.”
“In July 2018, the highest contribution to the annual euro-area inflation rate came from energy (+0.89 percentage points, pp), followed by services (+0.64 pp), food, alcohol & tobacco (+0.49 pp) and non-energy industrial goods (+0.12 pp).”
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