Core inflation in the Eurozone higher than expected
In July, the Eurozone's consumer price index was 5.3% year-over-year, which met expectations.
In July, the Eurozone's consumer price index was 5.3% year-over-year, which met expectations. Core inflation (i.e., less food and energy) was 5.5%, although most analysts had predicted it would fall to 5.4%. The estimated GDP growth rate remains positive, coming in at nearly 0.6%. These data are supporting the euro.
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