The year -on -year inflation rate In the euro zone it remained stable in July in a 2%aligning for the second consecutive month with the objective of medium -term stability of the European Central Bank (ECB). On the other hand, in the European Union (EU) as a whole, prices increased by 2.4%, a tenth more than in the previous month, according to the data provided by Eurostat.
In the Eurozone, during the month of July, the price of energy experienced an interannual drop of 2.4%, compared to the 2.6% drop observed the previous month. On the other hand, the cost of fresh foods increased by 5.4% per year, accelerating compared to the 4.6% rise recorded in June.
Non -energy industrial goods were more interannual 0.8%, which represents a three tenth increase with respect to the previous month. However, the cost of services stopped its increase by being 3.2%, compared to 3.3% of the previous month.
By excluding the impact of energy, the year -on -year inflation rate of the euro zone remained at 2.5% in July. As for the underlying inflation rate, which also excludes energy prices, fresh food, alcohol and tobacco, remained in July at the level of 2.3%.
Inflation in EU countries
Within the European Union, the lowest inflation rates in July were recorded in Cyprus (0.1%), France (0.9%) and Ireland (1.6%), while the highest price increases corresponded to Romania (6.6%), Estonia (5.6%) and Slovakia (4.6%).
In the specific case of Spacethe harmonized inflation rate in July increased to 2.7% From the 2.3% registered in June, which extends to seven tenths the unfavorable price differential compared to the euro zone.