[REVISION HISTORY]
Eurozone inflation 2.9% in July, ECB hikes expected
Updated 5 times since CLSTR started tracking revisions of this situation.
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2026-07-31 12:14 UTC → 2026-07-31 12:16 UTC ·
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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 inflation prices rose to 3.3 %, while energy prices costs jumped roughly 10 % on the year amid higher oil prices linked to the Middle‑East conflict. Lithuania recorded the highest national rate at 5.6 % and Estonia the lowest at 2.0 %; Belgium’s inflation stood at 3.56 %, driven by energy and transport costs. year. Greece’s preliminary CPI fell sharply to 2.7 %, % in July – the sharpest monthly biggest month‑on‑month decline in the bloc, with food, alcohol and tobacco prices turning negative and energy‑price inflation easing after a jump to 13 % from 14.7 3.9 % in June. The June – and Belgium’s rate reached 3.56 %, driven largely by a surge in energy costs. These figures reinforced the sustain expectations of a hawkish European Central Bank’s hawkish Bank stance ahead of its September 10 policy meeting, with markets still pricing in more than two at least one further rate hikes by the autumn and spring. Persistent price pressures despite modest economic growth keep tightening expectations alive. hike before year‑end.
Versions
- 2026-07-31 12:16 UTC Eurozone inflation 2.9% in July, ECB hikes expected
- 2026-07-31 12:14 UTC Eurozone inflation 2.9% in July, ECB hikes expected
- 2026-07-31 12:01 UTC Eurozone inflation 2.9% in July, ECB hikes expected
- 2026-07-31 10:44 UTC Eurozone inflation 2.9% in July, ECB hikes expected
- 2026-07-31 10:09 UTC Eurozone inflation rises, ECB rate outlook unchanged
- 2026-07-31 09:50 UTC Eurozone inflation and ECB rate outlook
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