European inflation dips below ECB's target

Inflation in the eurozone dipped below 2% for July, according to Eurostat. The figure of 1.9% was down from 2% in June, helped by a 0.2% drop in prices - the largest monthly fall in two years, reports the Financial Times.

Declines in the cost of clothing - down a monthly 5.5%, and food, which was 0.3% lower, were particularly marked. The strongest price rises were seen in the hotels and restaurants sector - up 1% on the month.

Core inflation, which excludes energy and unprocessed food costs,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: