Eurozone final inflation arrives at 0.1% MoM in July, down sharply from 0.8%

• Eurozone inflation arrives at 8.9% YoY in July, meets estimates.
• Monthly HICP in the bloc drops to 0.1% in July.
• EUR/USD holds the rebound towards 1.0200 on the mixed Eurozone data.

Eurozone’s Inflation surged 8.9% in July, on an annualized basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month.

The reading matched expectations of 8.9% while against the 8.9% previous. Core figures rose by 4.0%, meeting the 4.0% market estimates and 4.0% last.       

The bloc’s HICP rose by 0.1% versus 0.8% expected and 0.8% first estimate while the core HICP numbers came in at -0.2% versus -0.2% expected and -0.2% previous.

more to come ...