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MNI BRIEF: EZ Headline Inflation Edges Higher In July

Headline inflation inches higher in July, muddying water for ECB.

MNI (LONDON) - Headline inflation across the euro area edged higher in June, flash data released by Eurostat Wednesday showed.

Inflation ticked up to 2.6% year-on-year from 2.5% in June, the data showed, with the main core inflation again unchanged at 2.9% y/y. Services inflation edged lower to 4.0% y/y, with core goods inflation edging higher to 0.8%, despite a sharp 2.6% decline month-on-month. 

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MNI (LONDON) - Headline inflation across the euro area edged higher in June, flash data released by Eurostat Wednesday showed.

Inflation ticked up to 2.6% year-on-year from 2.5% in June, the data showed, with the main core inflation again unchanged at 2.9% y/y. Services inflation edged lower to 4.0% y/y, with core goods inflation edging higher to 0.8%, despite a sharp 2.6% decline month-on-month. 

Keep reading...Show less