The annual inflation rate in the euro zone continued to fall in July, falling to 5.3% after 5.5% in June and 6.1% in May, thanks to a further decline in oil prices. energy, Eurostat announced on Monday.
The rise in consumer prices, however, remains particularly high in food (10.8%, against 11.6% in June), according to detailed data from the European statistics office. The inflation rate remains well above the 2% target set by the European Central Bank (ECB).
More information to come…
