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[SITUATION] · [ACTIVE]

2 clusters · 42 sources · 29 days · First seen about 1 month ago · Last updated 1 day ago

Categories: BUSINESS

Eurozone inflation 2.9% in July, ECB hikes expected

Entities: Lithuania · Belgium · Eurozone · United States · Eurostat

Overview

Eurostat’s flash estimate confirmed that euro‑area headline consumer‑price inflation held at 2.9 % year‑on‑year in July 2024, up from 2.8 % in June. Core inflation accelerated to 2.5 % and services prices rose to 3.3 %, while energy costs jumped roughly 10 % on the year. Greece’s CPI fell sharply to 2.7 % in July – the biggest month‑on‑month decline in the bloc, after a jump to 3.9 % in June – and Belgium’s rate reached 3.56 %, driven largely by a surge in energy costs. These figures sustain expectations of a hawkish European Central Bank stance ahead of its September 10 policy meeting, with markets still pricing in at least one further rate hike before year‑end.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 16 SOURCES] Eurozone inflation rose to 2.9 % year‑on‑year in July. (Eurostat flash estimate)
[● 12 SOURCES] Energy prices in the euro area rose 10 % year‑on‑year in July. (Eurostat flash estimate)
[● 12 SOURCES] Greek annual CPI inflation rate in July 2026 was 2.7%, down from 3.9% in June. (Eurostat flash estimate)
[● 11 SOURCES] Greek annual consumer‑price inflation was 2.7 % in July 2026. (Eurostat flash estimate.)
[● 11 SOURCES] Greek energy price index increased 13 % YoY in July 2026, down from 14.7 % YoY in June. (Eurostat flash estimate.)
[● 11 SOURCES] Greek food, alcohol and tobacco prices fell 0.3 % YoY in July 2026, after a 2.2 % rise in June. (Eurostat flash estimate.)
[● 10 SOURCES] Eurozone core inflation accelerated to 2.5 % in July from 2.4 % in June. (Eurostat flash estimate)
[● 10 SOURCES] Greek monthly CPI inflation fell by 1.4% between June and July 2026. (Eurostat flash estimate)
[● 10 SOURCES] Eurozone HICP inflation rate was 2.9% in July 2026, up from 2.8% in June. (Eurostat flash estimate)
[● 10 SOURCES] Energy component of eurozone inflation increased by 10% year‑on‑year in July 2026, up from 8.5% in June. (Eurostat flash estimate)
[● 10 SOURCES] Services component of eurozone inflation rose to 3.3% year‑on‑year in July 2026, up from 3.2% in June. (Eurostat flash estimate)
[● 10 SOURCES] Food, alcohol and tobacco component rose 1.2% year‑on‑year in July 2026, down from 1.5% in June. (Eurostat flash estimate)

Timeline

1 day ago

[BUSINESS] 42 sources FAST-MOVING
Eurozone inflation rises to 2.9% in July
Eurozone inflation climbed to 2.9 % in July, core at 2.5 % and energy up 10 %; Greece fell to 2.7 % and Belgium rose to 3.56 %, prompting another ECB rate‑hike discussion.
about 1 month ago

[BUSINESS] 5 sources
European Central Bank Holds Course as Eurozone Inflation Eases
Eurozone inflation fell to 2.8% in June, easing pressure on the ECB after its June rate hike; Lagarde defended the move and markets await the July 23 policy meeting.

Sources

abcbourse.com · accountancyvanmorgen.nl · actionforex.com · autogids.be · businessam.be · capital.gr · cnn.gr · cryptobriefing.com · economica.net · economix.gr · ertnews.gr · es.euronews.com · eunews.it · fr.euronews.com · gr.euronews.com · hellenicshippingnews.com · iefimerida.gr · information.tv5monde.com · insider.gr · it.euronews.com · larissapress.gr · madeinbocholt.de · marketnews.gr · mononews.gr · newmoney.gr · ot.gr · paparazzi.com.ar · proson.gr · protothema.gr · psnews.ro · redaktion-paedagogik.de · rtl.be · sbctv.gr · sofokleousin.gr · tagesschau24.de · terraavista.blogosfera.uol.com.br · thessnews.gr · thetoc.gr · wdez.com · www2.iefimerida.gr · wxerfm.com · zorgwegwijzer.nl

This summary has been updated 5 times: see revision history