Inflation across the eurozone remained unchanged at 2.0% in July, defying expectations of a slight dip, according to data from Eurostat released Friday.
Analysts had forecast a drop to 1.9%, but persistent pressures—particularly a slower decline in energy prices—kept inflation aligned with the European Central Bank’s target.
Core inflation, which excludes energy, food, alcohol, and tobacco, also stayed flat at 2.3%, matching forecasts.
Energy prices fell 2.5% in July, slightly less than June’s 2.6% drop.
