EUIRYYJuly/2025
source: EUROSTAT
- Eurozone consumer price inflation held steady at 2.0% year-on-year in July 2025, unchanged from June but slightly above market expectations of 1.9%, according to preliminary estimates.
This marks the second consecutive month that inflation has aligned with the European Central Bank’s official target.
A slowdown in services inflation (3.1% vs 3.3% in June) helped offset faster price increases in food, alcohol & tobacco (3.3% vs 3.1%) and non-energy industrial goods (0.8% vs 0.5%).
Energy prices continued to decline, falling by 2.5% following a 2.6% drop in June.
Meanwhile, core inflation—which excludes energy, food, alcohol, and tobacco—remained unchanged at 2.3%, its lowest level since January 2022.
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