Credit: Forexpros - Consumer price inflation in the euro zone held steady broadly in line with market expectations in July, official data showed on Wednesday.
In a report, Eurostat said consumer price inflation held steady at 2.5% in July, unchanged from the previous month and broadly in line with market expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose by a seasonally adjusted 1.2%, below expectations for a 1.6% gain.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD edging 0.11% higher to trade at 1.4423.
Meanwhile, European stock markets were down. The EURO STOXX 50 slumped 0.65%, France's CAC 40 dipped 0.1%, Germany's DAX fell 0.95%, while the FTSE 100 retreated 0.7%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
