By Joshua Kirby
Eurozone inflation continued to ease in July, in line with estimates, though the core rate remained at the same level as the previous month.
The consumer price index rose 5.3% in July on year compared with 5.5% in June, preliminary data from the European Union’s statistics agency Eurostat showed Monday.
Economists polled by The Wall Street Journal had expected the CPI to come in at 5.3%.
The core inflation rate, which strips out volatile food and energy prices, meanwhile stood at 5.5% in July, the same level as the revised rate for June.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
Corrections & Amplifications
This article was corrected at 1010 GMT to clarify that preliminary data on eurozone inflation was published on Monday, not Friday.
This article was originally published by Marketwatch.com. Read the original article here.
