{"id":743001,"date":"2026-08-19T13:56:11","date_gmt":"2026-08-19T13:56:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/743001\/"},"modified":"2026-08-19T13:56:11","modified_gmt":"2026-08-19T13:56:11","slug":"euro-area-inflation-confirmed-to-nudge-up-a-little-in-july","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/743001\/","title":{"rendered":"Euro area inflation confirmed to nudge up a little in July"},"content":{"rendered":"<p>July final CPI +2.9% vs +2.9% y\/y prelimPrior +2.8%July final core CPI +2.5% vs +2.5% y\/y prelimPrior +2.4%<\/p>\n<p class=\"text-align-justify\">This just confirms that inflation pressures in the euro area did pick up a little in July, keeping ECB policymakers on their toes ahead of the September decision next month.<\/p>\n<p class=\"text-align-justify\">The breakdown on headline inflation contribution is as such:<\/p>\n<p>Services +1.55%Energy +0.94%Non-energy industrial goods +0.23%Food, alcohol, and tobacco +0.23%<\/p>\n<p class=\"text-align-justify\">As a whole, there were mostly increases in all broad categories of inflation. Services inflation was seen up to 3.3% in July compared to 3.2% in June. Meanwhile, energy price inflation pushed up to 10.3% in July compared to 8.5% in June. It is only food price inflation that eased slightly to 1.2% in July compared to 1.5% in June.<\/p>\n<p class=\"text-align-justify\">With core annual inflation continuing to keep above 2%, there is still work to be done with the threat of second-round effects remaining ever present. The ECB is likely to hike again in September to better position themselves for the need to raise interest rates further, should those risks materialise.<\/p>\n","protected":false},"excerpt":{"rendered":"July final CPI +2.9% vs +2.9% y\/y prelimPrior +2.8%July final core CPI +2.5% vs +2.5% y\/y prelimPrior +2.4%&hellip;\n","protected":false},"author":2,"featured_media":743002,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-743001","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/743001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=743001"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/743001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/743002"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=743001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=743001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=743001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}