EMU July Headline Inflation Unchanged, Core Comes In Higher

--Preliminary Data Sees EMU July HICP At 1.3% Y/Y

--Core Inflation At 1.2% y/y vs June 1.1%

     FRANKFURT (MNI) - Euro area July headline inflation was unchanged from the

June print, while the stubbornly low core reading was higher, according to

preliminary data released by Eurostat on Monday.

     The July headline reading of 1.3% on the year was in line with market

expectations centering on 1.3%, unchanged on the 1.3% recorded in June.

     February saw the headline inflation number pushed through the European

Central Bank's official inflation target for the first time since January 2013.

     Excluding energy and unprocessed food, inflation came in at 1.2% on the

year, above the 1.1% seen in June and the 0.9% seen in May.

     The results are considered estimates, with final data due out on August 17.

     Category data show that this month's data was driven by energy, with an

annual rate of 2.2% following on from June's 1.9% and May's 4.5%. Unprocessed

foods were down to 0.6% versus 1.0% in June and 1.6% in May.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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