Eurozone flash CPI eases to 1.1% y/y in July, meets estimates (EUR little changed)

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 1.1% in July, meeting expectations of 1.1% and 1.3% previous.

Meanwhile, the core figures also dropped to 0.9% in the reported month when compared to 1.0% expectations and 1.1% previous.

Separately, Eurozone June unemployment rate was reported that arrived at 7.5% vs. 7.6% last.