Eurozone final CPI revised lower to -0.1% MoM in July

• Eurozone inflation arrives at 2.2% YoY in July.
• Monthly CPI in the bloc drops by 0.1% in July.
• EUR/USD remains unfazed around 1.1720 on the EZ data.

According to Eurostat’s final reading of the Eurozone CPI report for July, the consumer prices came in at 2.2% on a yearly basis, meeting the flash estimate of 2.2% and 2.2% expectations. While the core figures rose by 0.7%, beating the 0.7% consensus forecasts.       

On a monthly basis, the bloc’s CPI figure for July arrived at -0.1% versus -0.1% expectations and 0.3% previous while the core CPI numbers came in at -0.4% versus -0.4% expected and -0.4% last.