Euro Area Inflation Expected at 2.2% in July, Driven by an Uptick in Energy Prices

Source: Eurostat

Annual inflation in the Euro area is expected to rise to 2.2% in July, up from 1.9% in June.

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Energy is expected to lead with the largest rise in prices at 14.1% in July, higher than the 12.6% increase in June.

Food, alcohol, and tobacco are expected to register a 1.6% jump in inflation, up from a 0.5% increase in June.

Services inflation is projected to rise by a higher rate of 0.9%, from a 0.7% increase in June.

Non-energy industry goods are expected to register a lower 0.7% increase in inflation, compared to a 1.2% rise in June.