This is lower than the 10.42% recorded in June. Despite this being the first significant slowdown in a long time, the figure remained above analysts’ forecasts (who had expected 7.9%).
Services were the main driver, with prices rising 13.67%. Non-food goods rose in price by 7.93% (a sharp slowdown from 12.3% in June, mainly due to the stabilization of energy prices).Food prices: price growth slowed to 5.03%.
The annual inflation rate in the EU in July was 3%. In the eurozone, this figure stood at 2.9% in July, compared to 2.8% in June. A year earlier, it was 2.0%.
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