IV:Euro zone flash CPI rises 1.6% in July, unchanged from June
Investing.com - Consumer price inflation in the euro zone was unchanged from the previous month in June, official preliminary data showed on Wednesday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 1.6% in July, in line with forecasts and unchanged from June’s 1.6% reading.
The rate stands below the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.16% to trade at 1.3282.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.3%, France's CAC 40 advanced 0.2%, London’s FTSE 100 gained 0.7%, while Germany's DAX tacked on 0.1%.
